β¨ Financial Statements and Business Relationships
5 DECEMBER 2011 NEW ZEALAND GAZETTE, No. 187 5435
12. Prescribed Business Relationships
Under Regulation 22 of the Gas (Information Disclosure) Regulations 1997, total costs and revenue must be disclosed for goods and services provided between entities in prescribed business relationships GasNet Ltd, Wangaanui Gas Ltd, and EDNZ Ltd fall within the definition of a prescribed business relationship.
| 2011 $ | 2010 $ | |
|---|---|---|
| Distribution Revenue from Retail GasNet Distribution Tariffs * | $ 2,963,678 | $ 3,690,359 |
| Distribution Debtors from Retail Energy Direct NZ Limited | $ 325,878 | $ 381,263 |
- Tariff represents revenue to GasNet Limited from Energy Direct NZ Limited for the transportation of gas through its distribution network.
The value of transactions is calculated by applying current published Distribution tariffs to actual Retail throughput gas volumes and connection numbers
| Distribution Charges from Retail (GST inclusive) Energy and Admin support | $ 29,577 | $ 43,658 |
| Distribution Creditors from Retail Energy Direct New Zealand | $ 2,808 | $ 12,814 |
13. Commitments
The Company has no commitments as at 30 June 2011 (2010: Nil)
14. Contingent Liabilities and Assets
There are no contingent liabilities which would have a material adverse effect on these accounts (2010: Nil)
15. Dividend
No Dividends have been declared for 2011 (2010: Nil)
16. Post Balance Date Events
There have been no material events since balance date.
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β¨ LLM interpretation of page content
π°
Notes to the Financial Statements for Wanganui Gas Limited
(continued from previous page)
π° Finance & RevenueFinancial Liabilities, Creditors, Borrowings, Cash Flow, Maturity Analysis, Sensitivity Analysis, Interest Rate Risk, Related Party Transactions, Prescribed Business Relationships, GasNet Ltd, Wangaanui Gas Ltd, EDNZ Ltd, Distribution Revenue, Distribution Debtors, Distribution Charges, Distribution Creditors, Commitments, Contingent Liabilities, Dividend, Post Balance Date Events
NZ Gazette 2011, No 187