✨ Financial Statements
26 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 158 3935
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
9. PAYABLES AND ACCRUALS
| 2010 | 2009 | |
|---|---|---|
| $000 | $000 | |
| Current | ||
| Trade payables and other creditors | 9,208 | 8,960 |
| Finance leases | 86 | 231 |
| Interest payable | 3,383 | 3,493 |
| Total | 12,677 | 12,684 |
| Non-current | ||
| Finance leases | 66 | 599 |
| Other non-current payables | - | 30 |
| Total | 66 | 629 |
10. PROVISIONS
| 2010 | 2009 | |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the period | 1,025 | 1,670 |
| Additions: | ||
| Provision for employee entitlements | - | 20 |
| Utilised | (290) | (665) |
| Balance at end of the period | 735 | 1,025 |
11. NOTIONAL BORROWINGS
Borrowings are a notional loan from Vector Limited to reflect a debt/equity mix in line with ACAM. The interest cost on the borrowings has been calculated using a weighted average interest rate.
12. COMMITMENTS
| 2010 | 2009 | |
|---|---|---|
| $000 | $000 | |
| Capital expenditure commitments | ||
| Capital expenditure contracted for at balance date but not yet incurred | 3,540 | 4,043 |
| Operating lease commitments | ||
| Within one year | 517 | 868 |
| One to five years | 35 | 756 |
| Beyond five years | 24 | 26 |
| Total | 576 | 1,650 |
The majority of the operating lease commitments relate to premises.
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NZ Gazette 2010, No 158
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Vector Limited Financial Statements for Gas Distribution Activities
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🏭 Trade, Customs & IndustryFinancial Statements, Vector Limited, Gas Distribution, Notional Reserves, Intangible Assets, Property, Plant and Equipment