β¨ Financial Risk and Related Party Transactions
4210 NEW ZEALAND GAZETTE, No. 143 30 NOVEMBER 2012
2011
Interest rate risk
Financial assets
Cash and cash equivalents
Other financial assets
Financial liabilities
Borrowings
- bank overdraft
- net loans from related parties
| Distribution | Profit $ |
|---|---|
| $ |
| - 100bps Other |
| - Equity | $
| | $
Total sensitivity to interest rate risk $ - $ -
11. Related Party Transactions
The following transactions occurred during the period with Related Parties:
| 2012 $ | 2011 $ | |
|---|---|---|
| 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. | ||
| Wanganui District Council (rent, rates IT services, other) | 173,961 | 129,482 |
| Wanganui Gas Limited | 173,961 | 129,482 |
| Services provided by Wanganui Gas Limited | 194,890 | 227,170 |
| Shares issued to Wanganui Gas Limited | 100 | 100 |
| Net loans / (advances) with Wanganui Gas Limited | (3,130,079) | (1,290,443) |
| (2,935,089) | (1,063,173) |
Amounts Owed to Related Parties at Balance date were:
| $ | $ | |
|---|---|---|
| Wanganui District Council | 10,618 | 11,457 |
| Wanganui Gas Limited | 10,646 | 11,383 |
All Transactions were conducted on normal commercial terms.
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β¨ LLM interpretation of page content
π
Financial Instruments
(continued from previous page)
π Trade, Customs & IndustryFinancial liabilities, Creditors, Borrowings, Credit risk, Interest rate risk, Currency risk, Liquidity risk
π° Related Party Transactions
π° Finance & RevenueRelated parties, Transactions, Financial statements, Wanganui District Council, Wanganui Gas Ltd
NZ Gazette 2012, No 143