New Zealand Gazette – 1996 – No. 117

Page 2955

✨ Financial Statements



13 SEPTEMBER NEW ZEALAND GAZETTE 2955

  1. ACCOUNTS PAYABLE AND ACCRUALS

Included in Accounts Payable and Accruals are the following:-

Lines Generation Energy Trading
$000 $000 $000
1996 1995 1996 1995 1996 1995
Accounts Payable 1,139 904 653 45 1,164 983
Accrual for Remedial
Work at Patea Dam 0 0 2,343 1,500 0 0
Accrued Interest 154 218 308 435 0 0
Short Term Loans 0 7 0 1 0 7
Income Tax Payable 54 0 105 0 19 0
Provision for Holiday Pay 88 194 49 12 89 34
Other 82 40 48 2 85 43
1,517 1,363 3,506 1,995 1,357 1,067
  1. TERM LIABILITIES

The Term Liabilities mature as follows:-

Lines Generation Energy Trading
$000 $000 $000
1996 1995 1996 1995 1996 1995
Repayable within 12 months 4,168 5,685 8,338 11,370 0 0
One to Two Years 2,282 0 4,565 0 0 0
Two to Five Years 2,966 5,867 5,931 11,736 0 0
Beyond Five Years 1,001 1,001 2,001 2,001 0 0
10,417 12,553 20,835 25,107 0 0

Interest rates payable on the above Term Liabilities are:-

Lines Generation Energy Trading
$000 $000 $000
1996 1995 1996 1995 1996 1995
Floating Rates 1,879 3,620 3,758 7,240 0 0
Fixed Rates 5.35% - 18.25% 8,538 8,933 17,077 17,867 0 0
10,417 12,553 20,835 25,107 0 0

A small portion of the Term Liabilities is secured by a Special Rating Security which allows a special rate to be assessed to the rate payers by the South Taranaki District Council, should the Company default on any of the loans.



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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Egmont Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
23 August 1996
Financial Statements, Accounting Policies, Revenue Recognition, Depreciation, Egmont Electricity Limited