New Zealand Gazette – 1996 – No. 107

Page 2777

✨ Financial Statements

6 SEPTEMBER NEW ZEALAND GAZETTE 2777

HAWKE'S BAY POWER DISTRIBUTION LIMITED AND SUBSIDIARY

TERM DEBT

                    1996                    1995
                    Lines                   Lines
                    Business                Business
                    $000                    $000

Due for Repayment
1996/1997 (Renewable) 3,000 Unsecured 5,000 Unsecured
1997/1998 100 Secured - General Rate 100 General Rate
2003 1,000 Unsecured 1,000 Unsecured

                        4,100                   6,100

Interest rates on loans range from 6.0% to 10.5%.

COMMITMENTS AND CONTINGENT LIABILITIES
At balance date the Lines Business had entered into contractual commitments of $10,000 and Other Businesses $950,000 (1995 - $0).

There were no contingent liabilities existing at balance date (1995 - $0).

REINSTATEMENTS
The 1995 Statement of Financial Performance has been reinstated to reflect the effect of transferring profit margins on contracting activities from the Lines Business to Other Businesses. The effect on the reinstated result is the transfer of $273,000 operating profit (after tax) between the two entities. The 1996 figures reflect this change in accounting for contracting.

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VUW Te Waharoa — NZ Gazette 1996, No 107

NZLII — NZ Gazette 1996, No 107

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✨ LLM interpretation of page content

🏭 Hawke's Bay Power Distribution Ltd Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated6 September 1996
KeywordsElectricity, Financial Statements, Information Disclosure, Hawke's Bay Power Distribution Ltd, Term Debt, Commitments, Contingent Liabilities, Reinstatements

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