Key management personnel have not entered into any transactions with the
Authority other than the above.
All transactions and outstanding balances with these related parties are priced on
an arm’s length basis and are to be settled in cash within six months of the reporting
date. None of the balances are secured.
19 Subsequent events
As at 30 June 2012, the Authority had no subsequent events to disclose (2011: Nil).
Waikato River Authority Annual Report
2012
25