New Zealand Gazette – 2012 – No. 143

Page 4206

✨ Financial Statements



4206 NEW ZEALAND GAZETTE, No. 143 30 NOVEMBER 2012

5. Accounts Receivable

2012 Distribution 2011
$ $
Trade debtors 685,469 567,140
Provision for doubtful debts - -
Total Debtors 685,469 567,140

Fair Value
Debtors are non-interest bearing and receipt is normally on 30 day terms, therefore the carrying value of debtors approximate their fair value.

Impairment
The carrying amount of receivables that would otherwise be past due or impaired whose terms have been renegotiated is $nil (2011 $nil).

The status of debtors at 30 June are detailed below:

Distribution 2012
Gross Impairment
$ $
Not past due 685,469 -
Past due 1-60 days - -
Past due 61 - 120 days - -
Past due > 120 days - -
Total 685,469 -
Distribution 2011
Gross Impairment
$ $
Not past due - -
Past due 1-60 days 566,140 -
Past due 61 - 120 days 1,000 34,669
Past due > 120 days - -
Total 567,140 34,669

6. Share Capital

Authorised capital:

2012 2011
$ $
Distribution – 5,264,435 Ordinary shares each fully paid up 5,264,435 5,264,435

7. Net loans from related parties

2012 Distribution 2011
$ $
Wanganui Gas Limited (3,130,079) (1,290,443)
(3,130,079) (1,290,443)


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2012, No 143




✨ LLM interpretation of page content

🏭 GasNet Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Accounts Receivable, Trade debtors, Fair Value, Impairment, Share Capital, Net loans, Related parties