✨ Financial Statements Notes




NEW ZEALAND GAZETTE

No. 139

TRANS POWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1995

FAIR VALUES

30 June 1995 Carrying Value $000 30 June 1995 Fair Value $000 30 June 1994 Carrying Value $000 30 June 1994 Fair Value $000
Assets
Cash in bank 7 7 4,735 4,735
Trade receivables 59,591 59,591 53,089 53,089
Other receivables 2,781 2,781 32,084 32,254
Investment 2,800 2,800 1,505 1,505
Liabilities
Bank overdraft 683 683 1,421 1,421
Trade creditors 50,314 50,314 45,972 45,972
Debt 1,597,881 1,584,668 1,738,933 1,740,164
Foreign exchange contracts 325 1,568 n/a 514
Interest rate swaps 28 6,848 n/a n/a
Interest rate options n/a 29 n/a n/a
Forward rate agreements n/a 833 n/a n/a

The following methods were used to estimate the fair values for each class of financial instrument:

Cash in bank, Trade receivables/creditors, Other creditors and Investments

The carrying value of these items is equivalent to the fair value.

Other receivables

Other receivables in the 1994 year, represents an amount owing under irrevocable and non-assignable obligations for capital contributions. The carrying value of this receivable is the present value of future payments due, discounted at the rate implicit within the contract. The fair value is calculated as the net present value of future payments, using the current market rate for a debt instrument of a similar term.

For the remainder of Other receivables the carrying value is equivalent to fair value.



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✨ LLM interpretation of page content

πŸ—οΈ Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

πŸ—οΈ Infrastructure & Public Works
Financial Statements, Fair Values, Assets, Liabilities, Cash, Receivables, Investments, Debt, Foreign Exchange, Interest Rate Swaps