✨ Financial Statements
2588 NEW ZEALAND GAZETTE No. 99
Power New Zealand Limited10 NON CURRENT
LIABILITIES
| 1996 1995 1996 1995 |
| Network Network Energy Energy |
| ($000) ($000) ($000) ($000) |
| Loans Long Term 1,160 1,181 0 0 |
| Deferred Taxation 2,267 441 - - |
| 3,427 1,622 0 0 |
11 FINANCIAL INSTRUMENTS
The estimated fair value of Financial instruments at 31 March 1996
| 1996 |
| Business Unit(s) |
| Network Energy |
| Carrying Fair Value Carrying Fair Value |
| Amount ($000) Amount ($000) |
| ($000) ($000) |
ASSETS
| Cash and Liquid Deposits 57,722 57,722 18,354 18,354 |
LIABILITIES
| Non-current Liabilities 1,160 1,160 - - |
11 FINANCIAL INSTRUMENTS
The estimated fair value of Financial instruments at 31 March 1995
| 1995 |
| Business Unit(s) |
| Network Energy |
| Carrying Fair Value Carrying Fair Value |
| Amount ($000) Amount ($000) |
| ($000) ($000) |
ASSETS
| Cash and Liquid Deposits 51,033 51,033 15,472 15,472 |
LIABILITIES
| Non-current liabilities 1,181 1,181 - - |
The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practical to estimate that value:
Cash and Short Term Deposits, Short Term Loans
The carrying amount of these items is equivalent to the fair value.
Term Liabilities
The fair value of the long term debt is estimated based on current market interest rates (including margin) available to the company for debt of similar maturities.
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VUW Te Waharoa —
NZ Gazette 1996, No 99
NZLII —
NZ Gazette 1996, No 99
✨ LLM interpretation of page content
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Notes to Financial Statements of Power New Zealand Limited
(continued from previous page)
🌾 Primary Industries & ResourcesFinancial Statements, Non-Current Liabilities, Financial Instruments, Fair Value, Loans, Deferred Taxation, Cash and Liquid Deposits