New Zealand Gazette – 1996 – No. 97

Page 2530

✨ Financial Statements

9. TERM LOANS

	As at 31 March 1996		As at 31 March 1995
	MONOPOLY BUSINESS (Network)	GENERATION	COMPETITIVE BUSINESS (Energy Trader)
	$	$	$
Term Debt Facility	7,800,000	-	1,000,000
Maturity Date	30 April 1997

No security has been issued in respect of Marlborough Electric’s term loans. Interest Rate linked to the 90 Day Bank Bill Rate (National Bank buy rate). The effective rate at 31 March 1996 was 9.38% (1995 9.56%).

10. DIVIDEND PAYMENTS

As at 31 March 1995 the provision for dividend in the Generation business unit totalled $1,200,000. When the dividend was paid to the Company’s shareholders in July 1995, cash flow requirements dictated that the payment be sourced as follows:

| Network Operator | $24,275 |
| Generation business unit | $714,767 |
| Energy Trader | $460,958 |
| Total | $1,200,000 |

The retained earnings balances brought forward for each business were adjusted for these payments.

11. NON CURRENT ASSETS

11.1 Table of Fixed Assets

	1995/96		1994/1995
	MONOPOLY BUSINESS (Network)	GENERATION	COMPETITIVE BUSINESS (Energy Trader)
	$	$	$
Land	-	-	-
Buildings	477,678	67,205	-
Less Depreciation	(675,349)	-	-
	3,279,814	-	-
Generation Assets	-	26,093,180	-
Less Depreciation	-	(8,117,647)	-
	-	17,975,533	-
Reticulation System	19,822,103	-	-
Less Depreciation	(6,859,113)	-	-
	12,962,990	-	-

NEW ZEALAND GAZETTE

No. 97

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VUW Te Waharoa — NZ Gazette 1996, No 97

NZLII — NZ Gazette 1996, No 97

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

💰 Creditors and Accruals for Monopoly Business, Generation, and Competitive Business (continued from previous page)

Domain💰 Finance & Revenue
KeywordsTerm Loans, Debt Facility, Interest Rates, Maturity Date

💰 Dividend Payments and Retained Earnings Adjustments

Domain💰 Finance & Revenue
KeywordsDividend, Cash Flow, Retained Earnings, Business Units

💰 Non-Current Assets and Fixed Assets Table

Domain💰 Finance & Revenue
KeywordsFixed Assets, Land, Buildings, Depreciation, Generation Assets, Reticulation System

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