ARTA Annual Report 2009 - Auckland Transport

15 Related Party Transactions
ARTA is a wholly owned subsidiary of the ARC.
ARC provides funding to ARTA for operating activities and to purchase property, plant and equipment.
The values of these transactions are disclosed in Note 1. Details of current and non-current payables and
receivables from related parties are disclosed in notes 5 and 9.
ARTA purchases from the ARC shared services in respect of information technology, treasury management,
financial processing services and facilities services. The cost of these services is $2,685,061 for 2009 ($2,273,452
for 2008).
ARC also provides funding to ARTA in order for ARTA to fulfill its responsibilities under the grants assumed
from Infrastructure Auckland as at 1 July 2004.
No intercompany balances have been written off in the year.
Other than the above transactions and using public transport, no directors, senior management or any
entities related to them have entered into transactions with the organisation, other than those on normal
business terms.
16 Events after balance date
There are no events after balance date for the year ended 30 June 2009 which would require noting or
adjusting in these financial statements.
There were no events after balance date for the year ended 30 June 2008 which required noting or adjusting
in these financial statements.
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