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Note 28 continued

Transaction value year ended

30 June

Balance outstanding year

ended 30 June

Related Party and Transaction

2015

$000s

2014

$000s

2015

$000s

2014

$000s

Subsidiary — Qualmark New Zealand Limited:

Purchases from Tourism New Zealand

226

180

71

17

Sales to Tourism New Zealand

3

3

-

-

Sales to Visitor Information Network Inc

34

32

-

-

Subsidiary — Visitor Information Network Inc:

Shareholder income provided by Tourism New Zealand

250

250

-

-

Recharges from Tourism New Zealand

16

10

-

-

Purchases from Qualmark New Zealand Limited

34

32

-

-

Associate — The New Zealand Way Limited:

Shareholder income provided by Tourism New Zealand

-

31

-

13

Recharges from Tourism New Zealand

5

5

-

6

Tourism New Zealand also enters into transactions with board members and entities over which they have control or significant

influence. These transactions occur within a normal supplier or client relationship on terms and conditions no more or less favourable

than those which it is reasonable to expect Tourism New Zealand would have adopted if dealing with that entity at arm’s length. The

following table provides the total amount of transactions that were entered into with these related parties.

Transaction value year ended

30 June

Balance outstanding year

ended 30 June

Related Party and Transaction

2015

$000s

2014

$000s

2015

$000s

2014

$000s

Income has been received by Tourism New Zealand from:

R Leggat (Director): Education NZ — Income received by

TNZ for tourism related services.

-

10

-

-

J Thorburn (Director): Intercity Group Limited — Income

received by TNZ for tourism related services.

The income received in 2014 financial year were from

Agrodome Rotorua, Ngai Tahu Tourism Limited, Dart River

Safaris Limited, Franz Josef Glacier Guides Limited, Rainbow

Springs Limited, Shotover Jet Limited and Hukafalls Jet

Limited.

8

25

2

-

M O'Donnell (Director): Ministry of Business, Innovation,

and Employment — Income received by TNZ for employee

secondment.

-

46

-

11

N Thompson (Director): Auckland Tourism, Events &

Economic Development — Income received by TNZ for

tourism related services.

888

18

249

14

M Johns (Chief Executive): Intercity Group (NZ) Limited

— Income received by TNZ for tourism related services.

-

8

-

-

J Spice (Director): Touch of Spice Ltd — Income received

by TNZ for tourism related services.

7

-

-

-

Payments have been made by Tourism New Zealand to:

K Pendergast (25% owner (with husband)): Quality Hotel

and Comfort Hotel — Provision of services to TNZ.

3

1

-

-

R Leggat (Director): New Zealand Post Limited — Provision

of postal services to TNZ.

3

3

-

-

66