2282 NEW ZEALAND GAZETTE No. 82

NOTE 12. LONG TERM LIABILITIES

The following is a detailed list of debt owing under the debenture to the Invercargill City Council at 31 March 1995. The facility to roll-over maturing debt has been confirmed for periods from 1 April 1995 to 1 April 2000.

| Renewal 101 | 7.05 | 250,000 | | 15/07/1996 | 15/07/2011 |
| Renewal 1 | 14.00 | 85,325 | | 15/03/1997 | 04/11/1998 |
| Total due for year to 31/03/1997 | | | 335,325 | | |

| Renewal 109 | 5.80 | 400,000 | | 01/04/1998 | 01/04/1998 |
| Renewal 111 | 5.80 | 100,000 | | 01/04/1998 | 01/04/1998 |
| Total due for year to 31/03/1999 | | | 500,000 | | |

| Renewal 109 | 5.95 | 500,000 | | 01/04/1999 | 01/04/1999 |
| Total due for year to 31/03/2000 | | | 500,000 | | |

| Renewal 114 | 9.95 | 450,542 | | 01/05/2000 | 01/05/2000 |
| Renewal 115 | 9.95 | 39,749 | | 01/05/2000 | 01/05/2000 |
| Renewal 116 | 9.95 | 9,709 | | 01/05/2000 | 01/05/2000 |
| Renewal 125 | 9.92 | 270,911 | | 15/10/2000 | 15/10/2000 |
| Renewal 126 | 9.92 | 47,253 | | 15/10/2000 | 15/10/2000 |
| Renewal 127 | 9.92 | 181,836 | | 15/10/2000 | 15/10/2000 |
| Total due for year to 31/03/2001 | | | 1,000,000 | | |

| Electricity 1976 | 10.50 | 20,280 | | 01/04/2003 | 01/04/2003 |
| Total due for year to 31/03/2004 | | | 20,280 | | |

| TOTAL TERM DEBT | | 5,243,290 | 5,243,290 | | |

Summary:

• Debt to be retired within 12 months...
  Short Term: 2,887,685

• Debt including that to be rolled over...
  Long Term: 2,355,605
  (Secured by all assets)

• Total: $5,243,290

NOTE 13. UNITED ELECTRICITY LIMITED

Electricity Invercargill Limited's 25% interest in United Electricity Limited is $1,838,377.00. Being an exclusively Energy Trading activity this amount is excluded from these accounts.