✨ Financial Statements
MERCURY ENERGY
MERCURY ENERGY LIMITED & SUBSIDIARIES
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1996 continued
13. TERM LIABILITIES
| Maturing: | Interest Rates | 1996 Other Activities $'000 | 1995 Other Activities $'000 |
|---|---|---|---|
| Within one year | 5.8% to 14.0% | 1,000 | 20,536 |
| One to Two Years | 6.8% to 16.0% | 6,946 | 1,000 |
| Two to Five Years | 9.5% to 9.9% | 310,859 | 139,846 |
| Total Term Liabilities | 318,805 | 161,382 | |
| Less Current Portion of Term Liabilities | 1,000 | 20,536 | |
| Total Term Liabilities | 317,805 | 140,846 |
Debt issued prior to 1 October 1993 of $7.946 million is secured by a right to levy pursuant to the Auckland Electric Power Board Act 1978.
Other debt issued of $310.859 million is secured by way of negative pledge over the assets of the group.
The classification of $310.859 million of debt as term liabilities is based on the availability of a 60 month facility, which was undrawn at balance date.
NEW ZEALAND GAZETTE
No. 158
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VUW Te Waharoa —
NZ Gazette 1996, No 158
NZLII —
NZ Gazette 1996, No 158
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Mercury Energy Financial Statements Notes
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