✨ Financial Statements and Related Party Transactions
5434 NEW ZEALAND GAZETTE, No. 187 5 DECEMBER 2011
2010
| Interest rate risk | Distribution | - 100bps Other |
|---|---|---|
| Profit $ | Equity $ | |
| Financial assets | ||
| Cash and cash equivalents | ||
| Other financial assets | ||
| Financial liabilities | ||
| Borrowings | ||
| - bank overdraft | $ - | |
| - net loans from related parties | ||
| Total sensitivity to interest rate risk | $ - | $ - |
11. Related Party Transactions
The following transactions occurred during the period with Related Parties:
GasNet Limited is a wholly owned subsidiary of Wanganui Gas Ltd
Wanganui Gas Ltd is a wholly owned subsidiary of Wanganui District Council Holdings Ltd (WDCHL), a Council Controlled Organisation of Wanganui District Council.
| 2011 $ | 2010 $ | |
|---|---|---|
| Wanganui District Council (rent, rates IT services, other) | $ 129,482 | $ 131,162 |
| $ 129,482 | $ 131,162 | |
| Wanganui Gas Limited | ||
| Services provided by Wanganui Gas Limited | $ 227,170 | $ 228,970 |
| Shares issued to Wanganui Gas Limited | $ 100 | $ 100 |
| Net loans / (advances) with Wanganui Gas Limited | $ (1,290,443) | $ 917,484 |
| $ - | $ - | |
| $ (1,063,173) | $ 1,146,554 |
Amounts Owed to Related Parties at Balance date were:
| Wanganui District Council | $ 11,457 | $ 16,732 |
| Wanganui Gas Limited | $ 11,383 | $ 48,477 |
All Transactions were conducted on normal commercial terms.
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NZ Gazette 2011, No 187
✨ LLM interpretation of page content
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Notes to the Financial Statements for Wanganui Gas Limited
(continued from previous page)
💰 Finance & RevenueFinancial Liabilities, Creditors, Borrowings, Cash Flow, Maturity Analysis, Sensitivity Analysis, Interest Rate Risk, Related Party Transactions