✨ Financial Statements
NEW ZEALAND GAZETTE
No. 100
NOTE 8 : CONVERTIBLE NOTES
| LINE BUSINESS $'000 | ENERGY BUSINESS $'000 | GENERATION BUSINESS $'000 |
|---|---|---|
| Balance at Beginning of Year | 22,113 | 454 |
| Balance at End of Year | 22,113 | 454 |
36,012,852 Convertible Notes
The Convertible Notes used mature on the 31 March 2000, interest is payable quarterly in advance, have face value of $1.10 per note, can be converted to Ordinary Shares on a one for one basis or may be redeemed for cash of up to $1.50 per note under certain circumstances.
For every 100 Convertible Notes issued there is attached one Redeemable Preference Share. The Redeemable Preference Share carries voting rights equal to the conversion rights on the attached 100 Convertible Notes. Interest payable on 32,859,612 notes has been fixed at 9.25% for two years beginning 1 April 1997 and is set at 8.74% for one year beginning 1 April 1997 on the remaining notes.
NOTE 9 : CURRENT ASSETS
| LINE BUSINESS $'000 | ENERGY BUSINESS $'000 | GENERATION BUSINESS $'000 |
|---|---|---|
| Cash and Short Term Deposits | 5,562 | 5,297 |
| Trade Receivables | (174) | (165) |
| Less Provision for Doubtful Debts | ||
| Prepayments and other Receivables | 3,631 | 3,459 |
| Provision for Taxation | (96) | (42) |
| Inventories - Parts | 893 | - |
| Total | 9,816 | 8,549 |
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VUW Te Waharoa —
NZ Gazette 1997, No 100
NZLII —
NZ Gazette 1997, No 100
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TrustPower Limited Financial Position Statements
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🏭 Trade, Customs & Industry1 August 1997
Financial Statements, Reserves, Share Premium, Revaluation, Retained Earnings, Dividends