✨ 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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Online Sources for this page:

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





✨ LLM interpretation of page content

🏭 Financial Instruments (continued from previous page)

🏭 Trade, Customs & Industry
Financial liabilities, Creditors, Borrowings, Credit risk, Interest rate risk, Currency risk, Liquidity risk

πŸ’° Related Party Transactions

πŸ’° Finance & Revenue
Related parties, Transactions, Financial statements, Wanganui District Council, Wanganui Gas Ltd