Annual Report

78
Ausgrid Pty Limited ACN 060 979 688
Notes to financial statements
For the year ended 30 June 2015
5. EQUITY
a. Contributed equity
Authorised capital
1 000 000 Ordinary shares of $1 each 1 000 000 1 000 000
Issued and paid up capital
2 Ordinary shares of $1 each 2 2
Loan owed to parent entity recognised as equity 4 473 071 4 471 846
2015
$
2014
$
4 473 073 4 471 848
b. Accumulated losses
Accumulated losses at the beginning of the year (4 471 848) (4 470 623)
Loss for the year (1 225) (1 225)
Accumulated losses at the end of the year (4 473 073) (4 471 848)
2015
$
2014
$
6. RELATED PARTY TRANSACTIONS
a. Director
Lisa Maffina
b. Directors’ benefits
No Director has received or become entitled to receive any benefit by reason of a contract made by the Company with the Director or with a
firm of which the Director is a member, or with a company in which the Director has a substantial financial interest.
7. OPERATING LEASES
Leases as lessee
Non-cancellable operating leases are payable as follows:
Within twelve months 9 408 538 8 790 383
Twelve months or longer and not longer than 5 years 18 648 805 19 084 572
Longer than five years – –
Total (including GST) 28 057 343 27 874 955
GST credits 2 550 668 2 534 087
2015
$
2014
$