✨ Financial Statements




686 NEW ZEALAND GAZETTE, No. 24 28 FEBRUARY 2012

VECTOR LIMITED & SUBSIDIARIES

GAS TRANSMISSION 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 12,598 6,005
Finance leases 364 675
Interest payable 3,931 4,088
Total 16,893 10,768
Non-current
Finance leases 908 286
Other non-current payables 1,698 1,791
Total 2,606 2,077

10. PROVISIONS

2011 2010
$000 $000
Balance at beginning of the period 2,567 2,000
Increase / (decrease) in provision for employee entitlements 554 (180)
Decrease in other provisions (172) -
Balance at end of the period 2,949 2,567

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.



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Online Sources for this page:

Gazette.govt.nz PDF NZ Gazette 2012, No 24





✨ LLM interpretation of page content

πŸ’° Notes to the Financial Statements for Vector Limited & Subsidiaries Gas Transmission Activities (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Notes, Payables, Accruals, Provisions, Notional Borrowings