β¨ 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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β¨ LLM interpretation of page content
π
Notes to the Financial Statements for Vector Limited & Subsidiaries
(continued from previous page)
π Trade, Customs & IndustryFinancial statements, Contingent liabilities, Related party transactions, Gas transmission services
NZ Gazette 2012, No 152