✨ Financial Statements Notes
26 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 158 3969
NGC HOLDINGS LIMITED
GAS TRANSMISSION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
9. PAYABLES AND ACCRUALS
| 2010 $000 | 2009 $000 | |
|---|---|---|
| Current | ||
| Trade payables and other creditors | 1,861 | 2,119 |
| Finance lease | 675 | 394 |
| Interest payable | 1,729 | 2,153 |
| Other current payables | 4,144 | 9,858 |
| Total | 8,409 | 14,524 |
| Non-current | ||
| Finance lease | 286 | 1,020 |
| Other non-current payables | 1,793 | 1,124 |
| Total | 2,079 | 2,144 |
10. PROVISIONS
| 2010 $000 | 2009 $000 | |
|---|---|---|
| Balance at beginning of the period | 2,747 | 2,987 |
| Utilised: | ||
| Provision for employee entitlements | (180) | (240) |
| Balance at end of the period | 2,567 | 2,747 |
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 $000 | 2009 $000 | |
|---|---|---|
| Capital expenditure commitments | ||
| Capital expenditure contracted for at balance date but not yet incurred | 1,975 | 2,400 |
| Operating lease commitments | ||
| Within one year | 321 | 453 |
| One to five years | 40 | 345 |
| Total | 361 | 798 |
The majority of the operating lease commitments relate to premises.
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NZ Gazette 2010, No 158
✨ LLM interpretation of page content
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Notes to the Financial Statements for NGC Holdings Limited
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Payables, Accruals, Provisions, Borrowings, Commitments