NOTES TO THE FINANCIAL STATEMENTS
25. Related party transactions://
2017 $000
2016 $000
Transactions with Entrust Dividends paid Rental income received Telecommunication services
120,160
118,283
15
15
2
3
2017 $000
2016 $000
Transactions with associates and joint operations Purchases of electricity and steam from Kapuni Energy Joint Venture (KEJV) Purchase of vegetation management services from Tree Scape Limited
7,818 6,778 8,254 1,859
9,070 5,655 8,987 2,081
Sale of gas to KEJV
Sales of operations and maintenance services to KEJV Administration and other services provided to KEJV
89
87
Dividends received from Tree Scape Limited
2,000
1,500
Electricity services provided to NZ Windfarms Limited Directors’ fees from NZ Windfarms Limited Directors’ fees from Tree Scape Limited Transactions with key management personnel Salary and other short-term employee benefits
120
120
–
30 94
94
5,518
4,795 1,003
Directors’ fees
945
Related parties
Related parties of the group include the associates and joint operations disclosed in Note 14, the ultimate parent entity (Entrust) and key management personnel (directors and the executive team).
Other
The group may transact on an arms’ length basis with companies in which directors have a disclosed interest.
Receivables/payables
2017 $000
2016 $000
NZ Windfarms Limited Tree Scape Limited
(17)
3 –
(724)
KEJV
534
141
26. Contingent liabilities:// Disclosures
The directors are aware of claims that have been made against entities of the group and, where appropriate, have recognised provisions for these within Note 19 of these financial statements. No material contingent liabilities have been identified.
115
Vector://AR 17
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