✨ Financial Statements
3 DECEMBER 2010
NEW ZEALAND GAZETTE, No. 166
4153
Wanganui Gas Limited
Term: The loans/advances mature upon demand being made in writing by the parent, Wanganui Gas Limited.
As the loans/advances mature on demand they have been disclosed as current.
Security: Unsecured.
Interest rate over year: 8% to 13%
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.
8. Finance Lease Liabilities
| Distribution | 2010 | 2009 |
|---|---|---|
| $ | $ | |
| Not later than one year | - | - |
| Later than one year and not later than two years | - | - |
| Later than two year and not later than five years | - | - |
| Later than five years | - | - |
| Future finance charges | ||
| Recognised as a liability | $ - | $ - |
Representing lease liabilities
Current
Non-current
| | $ - | $ - |
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 | 2010 | 2009 |
|---|---|---|
| $ | $ |
Financial assets
Loans and receivables
Cash and cash equivalents | $ 1,080 | $ 43,375
Debtors and other receivables | $ 602,928 | $ 643,341
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 2010, No 166
✨ LLM interpretation of page content
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GasNet Limited Financial Statements
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🏭 Trade, Customs & IndustryFinancial Statements, Loans, Interest Rates, Lease Liabilities, Imputation Credits, Financial Instruments