✨ Financial Statements




1 SEPTEMBER NEW ZEALAND GAZETTE 2741

POWER NEW ZEALAND LIMITED

1995

Business Unit(s)

Network ($000) Other ($000)

12 NON-CURRENT LIABILITIES

Bank Loan 1,181 0

Deferred Taxation (see Note 4) 441 0

                                    1,622     0

The Bank Loan Maturity Dates are:

Payable Between 1 and 2 Years 21 0

Payable Between 2 and 3 Years 1,160 0

                                    1,181     0

13 FINANCIAL INSTRUMENTS

The estimated fair value of Financial Instruments at 31 March:

1995

Business Unit(s)

Network Carrying Amount ($000) Network Fair Value ($000) Other Carrying Amount ($000) Other Fair Value ($000)

ASSETS

Cash and Liquid Deposits 51,031 | 51,031 | 17,822 | 17,822 |

Investments 22,326 | 23,171 | 0 | 0 |

LIABILITIES

Non-current Liabilities 1,181 | 1,181 | 0 | 0 |

The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practical to estimate that value:

Cash and Short Term Deposits, Short Term Loans
The carrying amount of these items is equivalent to the fair value.

Investments
The fair value of the listed investment is based on quoted market prices for those shares at balance date.

Term Liabilities
The fair value of the long term debt is estimated based on current market interest rates (including margin) available to the company for debt of similar maturities.

CREDIT RISK
Cash and short term deposits are placed with high credit quality financial institutions (A1/A1+) limiting the amount of credit exposure to any one institution, as set forth by the board of directors. While the company may be subject to credit losses up to the contract amounts in the event of non-performance by its counterparties, it does not expect such losses to occur.



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✨ LLM interpretation of page content

πŸ’° Notes to and Forming Part of the Financial Statements for the Year Ended 31 March 1995 (continued from previous page)

πŸ’° Finance & Revenue
Financial Statements, Non-current Liabilities, Financial Instruments, Fair Value, Credit Risk