✨ Financial Statements
9 DECEMBER 2009 NEW ZEALAND GAZETTE, No. 182 4387
2009 - Wanganui Gas Limited
Term : The loans / advances mature upon demand being made in writing by the parent, Wanganui Gas Limited, to each subsidiary.
As no such demands are foreseen in the next 12 months, the loans / advances are treated as non-current.
Security: Unsecured.
Interest rate over year : 8% to 12%
The loans / advances are initially recognised at their fair value net of transaction costs incurred. After initial recognition, all borrowings are measured at amortised cost using the effective interest method.
2008 - WDCHL
Term : The loan matures upon demand being made in writing by the lender.
Security : First ranking debenture providing for fixed and floating charges over all assets of the Group.
Interest rate over year : 8% to 12%
The parent company has a flexible credit line facility with WDCHL. From 1 July 2008, the two subsidiary companies obtain their loans / advances from the parent company.
8. Finance Lease Liabilities
| | Distribution | | Retail |
| :--- | :--- | :--- | :--- | :--- |
| | 2009 | 2008 | 2009 | 2008 |
| | $ | $ | $ | $
| Not later than one year | | $ 3,378 | | $ 4,034 |
| Later than one year and not later than two years | | $ 3,378 | | $ 4,034 |
| Later than two year and not later than five years | | $ 1,128 | | $ 1,344 |
| Later than five years | | $ - | | $ - |
| | $ - | $ 7,884 | $ - | $ 9,412 |
| Future finance charges | | $ 1,664 | | $ 1,986 |
| Recognised as a liability | $ - | $ 6,220 | $ - | $ 7,426 |
Representing lease liabilities
Current | | $ 2,666 | | $ 3,182 |
Non-current | | $ 3,554 | | $ 4,244 |
| | $ - | $ 6,220 | $ - | $ 7,426 |
9. Imputation Credit Account
No imputation credits available
10. Financial Instruments
The accounting policies for financial instruments have been applied to the line items below:
| | Distribution | | Retail |
| :--- | :--- | :--- | :--- | :--- |
| | 2009 | 2008 | 2009 | 2008 |
| | $ | $ | $ | $
Financial assets
Loans and receivables
Cash and cash equivalents | $ 43,375 | $ 578,719 | $ 204,834 | $ (602,496)
Debtors and other receivables | $ 643,341 | $ 541,776 | $ 2,941,794 | $ 3,275,088
Other financial assets:
- term deposits
- loans to related parties
Held to maturity
Fair value through equity
Other financial assets:
- unlisted shares
- listed shares
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NZ Gazette 2009, No 182
✨ LLM interpretation of page content
💰
Notes to the Financial Statements
(continued from previous page)
💰 Finance & Revenue3 December 2009
Financial Statements, Loans, Advances, Interest Rates, Fair Value, Amortised Cost, Debentures, Lease Liabilities, Imputation Credits, Financial Instruments