✨ Financial Statements Notes




4546 NEW ZEALAND GAZETTE, No. 152 21 DECEMBER 2012

VECTOR LIMITED & SUBSIDIARIES

GAS TRANSMISSION ACTIVITIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2012

14. CONTINGENT LIABILITIES

Claims against the gas transmission activities, where appropriate, have been recognised and disclosed within provisions. No material contingent liabilities requiring disclosure have been identified.

15. TRANSACTIONS WITH RELATED PARTIES

NATURE OF THE TRANSACTION RELATED PARTY 2012 2011
Sale of transmission services Gas wholesale/retailing activities 29,500 27,882
Purchase of gas Gas retailing activities 8,497 5,179
Purchase of mechanical services for the
maintenance of export compressor based
at Kapuni Kapuni gas treatment plant 1,034 764

(Transmission services charges are paid by related parties at the time of billing.)



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2012, No 152





✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Vector Limited & Subsidiaries (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Contingent liabilities, Related party transactions, Gas transmission services