New Zealand Gazette – 1996 – No. 81

Page 2146

✨ Financial Liabilities and Investments

NEW ZEALAND GAZETTE

No. 81

2146

NOTE 12. LONG TERM LIABILITIES

The following is a detailed list of debt owing under the debenture to the Invercargill City Council at 31 March 1996. The facility to roll-over maturing debt has been confirmed for periods from 1 April 1996 to 1 April 2000.

Loan	Interest Rate %	Amount Payable $	Amount Due $	Current Maturity Date	Final Sanction Date
Invercargill City Council	9.60	1,000,000		30/06/1996	30/06/1996
Renewal 101	7.05	250,000		15/07/1996	15/07/2011
Renewal 125	9.65	270,911		06/09/1996	15/10/2000
Renewal 126	9.65	47,253		06/09/1996	15/10/2000
Renewal 127	9.65	181,836		06/09/1996	15/10/2000
Renewal 1	14.00	73,349		15/03/1997	04/11/1998
Total due for year to 31/03/1997			1,823,349

| Renewal 109 | 5.80 | 400,000 | | 01/04/1998 | 01/04/1998 |
| Renewal 111 | 5.80 | 100,000 | | 01/04/1998 | 01/04/1998 |
| Renewal 114 | 9.41 | 450,542 | | 15/07/1998 | 01/05/2000 |
| Renewal 115 | 9.41 | 39,749 | | 15/07/1998 | 01/05/2000 |
| Renewal 116 | 9.41 | 9,709 | | 15/07/1998 | 01/05/2000 |
| Total due for year to 31/03/1999 | | | 1,000,000 | | |

| Renewal 109 | 5.95 | 500,000 | | 01/04/1999 | 01/04/1999 |
| Total due for year to 31/03/2000 | | | 500,000 | | |

| Electricity 1976 | 10.50 | 17,745 | | 01/04/2003 | 01/04/2003 |
| Total due for year to 31/03/2004 | | | 17,745 | | |

TOTAL TERM DEBT (Secured by all assets) $3,341,094 $3,341,094

NOTE 13. UNITED ELECTRICITY LIMITED

Electricity Invercargill Limited's 25% interest in United Electricity Limited is $243,817.00. Being exclusively Energy Trading this activity is excluded from these accounts.

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VUW Te Waharoa — NZ Gazette 1996, No 81

NZLII — NZ Gazette 1996, No 81

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Line Business Financial Statements for the Year Ended 31 March 1996 (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated6 August 1996
KeywordsFinancial Statements, Long Term Liabilities, Debenture, Invercargill City Council, Debt, Renewal, Electricity

🏭 United Electricity Limited Investment

Domain🏭 Trade, Customs & Industry
KeywordsInvestment, United Electricity Limited, Energy Trading

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