β¨ 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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β¨ LLM interpretation of page content
π°
Notes to the Financial Statements for Vector Limited & Subsidiaries Gas Transmission Activities
(continued from previous page)
π° Finance & RevenueFinancial Statements, Notes, Payables, Accruals, Provisions, Notional Borrowings
NZ Gazette 2012, No 24