✨ Financial Statements Notes




26 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 158 3971

NGC HOLDINGS LIMITED

GAS TRANSMISSION ACTIVITIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2010

15. TRANSACTIONS WITH RELATED PARTIES

NATURE OF THE TRANSACTION RELATED PARTY 2010 $\'000 2009 $\'000
Sale of transmission services based on actual revenue charged and notional revenue charged. Gas Wholesaling Activities 515 634
Sale of transmission services based on actual revenue charged and notional revenue charged. Gas Retailing Activities 30,274 29,160
Purchase of gas on standard terms and conditions. Gas Retailing Activities 3,475 3,798
Purchase of mechanical services at market rates for the maintenance of export compressor based at Kapuni. Kapuni Gas Treatment Plant 567 656
Notional borrowings advance Vector Limited 133,942 174,092

(Transmission services charges are paid by related parties at the time of billing.)

16. EVENTS AFTER BALANCE DATE

Post balance date credit notes of $1.7 million were reversed to revenue. No adjustment to these financial statements is required for this event.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2010, No 158





✨ LLM interpretation of page content

πŸ’° Notes to the Financial Statements for NGC Holdings Limited (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Related Party Transactions, Transmission Services, Gas Purchases, Notional Borrowings