New Zealand Gazette – 1995 – No. 101

Page 3271

✨ Financial Statements

18 SEPTEMBER NEW ZEALAND GAZETTE 3271

TASMAN ENERGY LIMITED

LINE & OTHER BUSINESSES FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS

	1995 Line $000	1995 Other $000
	2,114	0
Less current portion	0	0
	2,114	0

11. TERM LIABILITIES

Reserve Bank loans (interest rates 9.5% to 16.75%)

Repayable as follows:

1 to 2 years 38
2 to 3 years 2,024
3 to 4 years 52
4 to 5 years ...

A provision to reflect the difference between the actual and current market interest rates is included in the creditors and accruals and is being reversed as loans mature, as set out below. Directors believe the treatment is appropriate given the statutory obligation to "value" the undertaking to ensure that the book value of assets and liabilities used for statutory vesting from Tasman Electric Power Board were realistic using current commercial acquisition practice.

12. COMMITMENTS AND CONTINGENT LIABILITIES

As at 31 March 1995 the group had no material commitments or contingent liabilities that are not included in these financial statements.

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💰 Financial Statements and Notes for Tasman Energy Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Term Liabilities, Commitments, Contingent Liabilities, Tasman Energy Limited

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