✨ Financial Statements
4522 NEW ZEALAND GAZETTE, No. 152 21 DECEMBER 2012
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2012
- PAYABLES AND ACCRUALS
| 2012 | 2011 | |
|---|---|---|
| $000 | $000 | |
| Current | ||
| Trade payables and other creditors | 12,671 | 11,920 |
| Finance leases | 21 | 31 |
| Interest payable | 2,751 | 3,023 |
| Total | 15,443 | 14,974 |
| Non-current | ||
| Finance leases | 83 | 23 |
| Total | 83 | 23 |
- PROVISIONS
| 2012 | 2011 | |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the period | 1,172 | 735 |
| (Decrease) / increase in provision for employee entitlements | (108) | 437 |
| Balance at end of the period | 1,064 | 1,172 |
- NOTIONAL BORROWINGS
The interest cost on the notional borrowings has been calculated using the Vector group's weighted average cost of debt.
- COMMITMENTS
| 2012 | 2011 | |
|---|---|---|
| $000 | $000 | |
| Capital expenditure commitments | ||
| Estimated capital expenditure contracted for at balance date but not provided | 6,956 | 1,751 |
| Operating lease commitments | | |
| Within one year | 320 | 286 |
| One to five years | 1,020 | 958 |
| Beyond five years | 727 | 935 |
| Total | 2,067 | 2,179 |
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NZ Gazette 2012, No 152
✨ LLM interpretation of page content
🏭
Statement of Accounting Policies for Vector Limited & Subsidiaries
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Notional reserves, Intangible assets, Property, Plant and equipment, Amortisation, Depreciation