New Zealand Gazette – 1996 – No. 173

Page 4569

✨ Financial Statements Notes

29 NOVEMBER NEW ZEALAND GAZETTE 4569
TRANS POWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1996

FINANCIAL INSTRUMENTS (cont.)

Repricing Analysis

The following tables indicate the effective interest rates, the earliest period in which recognised financial instruments reprice and the extent to which these factors have been modified by off balance sheet financial instruments. This information provides a basis for evaluation of the interest rate risk to which the Group are exposed in the future.

1996

Effective Interest Rate	Within One Year $000	One to Two Years $000	Two to Five Years $000	Greater than Five Years $000	Total $000
Assets
Cash and Bank	6.40%	394	-	-	394
Investments	9.95%	141,684	-	-	141,684
		142,078	-	-	142,078
Liabilities
Debt	8.47%	(876,928)	(306,566)	(472,141)	(1,655,635)
Off balance sheet
Interest rate swaps		368,230	64,750	(282,980)	-
Repricing profile		(366,620)	(241,816)	(755,121)	(1,513,557)

The interest rate on debt as amended by interest rate swaps is 8.20 %

1995

Effective Interest Rate	Within One Year $000	One to Two Years $000	Two to Five Years $000	Greater than Five Years $000	Total $000
Assets
Cash and Bank	6.00%	(676)	-	-	(676)
Liabilities
Debt	7.67%	(1,128,765)	(200,000)	(268,856)	(1,597,621)
Off balance sheet
Interest rate swaps		625,000	(375,000)	(75,000)	-
Repricing profile		(504,441)	(375,000)	(343,856)	(1,598,297)

The interest rate on debt as amended by interest rate swaps is 7.96%

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VUW Te Waharoa — NZ Gazette 1996, No 173

NZLII — NZ Gazette 1996, No 173

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated5 November 1996
KeywordsFinancial Instruments, Currency Rate Risk, Off Balance Sheet, Credit Risk, Foreign Exchange, Interest Rate Swaps

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