New Zealand Gazette – 2012 – No. 143

Page 4211

✨ Financial Disclosure and Statements

30 NOVEMBER 2012 NEW ZEALAND GAZETTE, No. 143 4211

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, Wanganui Gas Ltd, and EDNZ Ltd fall within the definition of a prescribed business relationship.

	2012 $	2011 $
Distribution Revenue from Retail
GasNet Distribution Tariffe *	2,927,407	2,963,678

Distribution Debtors from Retail
Energy Direct NZ Limited	331,305	325,878

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 exclusive) |
| Energy and Admin support | $ 26,302 | $ 29,677 |

| Distribution Creditors from Retail |
| Energy Direct New Zealand | $ 2,490 | $ 2,808 |

13. Commitments

The Company has no commitments as at 30 June 2012 (2011: Nil)

14. Contingent Liabilities and Assets

There are no contingent liabilities which would have a material adverse effect on these accounts (2011: Nil).

15. Dividend

No Dividends have been declared for 2012 (2011: Nil)

16. Post Balance Date Events

There have been no material events since balance date (2011: Nil).

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

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✨ LLM interpretation of page content

💰 Prescribed Business Relationships Disclosure

Domain💰 Finance & Revenue
KeywordsGas, Information Disclosure, Revenue, Distribution, Tariffs

💰 Commitments Disclosure

Domain💰 Finance & Revenue
KeywordsFinancial Commitments, Nil Commitments

💰 Contingent Liabilities and Assets Disclosure

Domain💰 Finance & Revenue
KeywordsContingent Liabilities, Nil Liabilities

💰 Dividend Declaration

Domain💰 Finance & Revenue
KeywordsDividends, Nil Dividends

💰 Post Balance Date Events

Domain💰 Finance & Revenue
KeywordsPost Balance Date, Nil Events

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