✨ Financial Statements
664 NEW ZEALAND GAZETTE, No. 24 28 FEBRUARY 2012
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2011
9. PAYABLES AND ACCRUALS
| 2011 | 2010 | |
|---|---|---|
| $000 | $000 | |
| Current | ||
| Trade payables and other creditors | 11,920 | 9,207 |
| Finance leases | 31 | 86 |
| Interest payable | 3,023 | 3,376 |
| Total | 14,974 | 12,669 |
| Non-current | ||
| Finance leases | 23 | 66 |
| Total | 23 | 66 |
10. PROVISIONS
| 2011 | 2010 | |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of the period | 735 | 1,025 |
| Increase / (decrease) in provision for employee entitlements | 437 | (290) |
| Balance at end of the period | 1,172 | 735 |
11. NOTIONAL BORROWINGS
Notional borrowings reflect the debt/equity mix of the Vector group.
The interest cost on the notional borrowings has been calculated using the Vector group’s weighted average cost of debt.
12. COMMITMENTS
| 2011 | 2010 | |
|---|---|---|
| $000 | $000 | |
| Capital expenditure commitments | ||
| Estimated capital expenditure contracted for at balance date but not provided | 1,751 | 3,540 |
| Operating lease commitments | | |
| Within one year | 286 | 517 |
| One to five years | 958 | 35 |
| Beyond five years | 935 | 24 |
| Total | 2,179 | 576 |
The majority of the operating lease commitments relate to premises leases.
Next Page →
NZ Gazette 2012, No 24
✨ LLM interpretation of page content
🌾
Certification of Financial Statements for Vector Limited
(continued from previous page)
🌾 Primary Industries & ResourcesFinancial Statements, Performance Measures, Gas Regulations, Certification