✨ Financial Statements
MercuryEnergy
Mercury Energy Limited and Subsidiaries
Notes to and forming part of the financial statements for the year ended 31 March 1997 continued
13. TERM LIABILITIES
| Maturing: | Interest Rates | 1997 Generation Activities $000 | 1997 Other Activities $000 | 1997 Total Activities $000 | 1996 Other Activities $000 |
|---|---|---|---|---|---|
| Within one year | 5.8% to 11.7% | - | 7,698 | 7,698 | 1,000 |
| One to two years | 6.3% | - | 53 | 53 | 6,946 |
| Two to five years | 7.4% to 8.8% | 59,603 | 352,000 | 411,603 | 310,859 |
| Total term liabilities | 59,603 | 359,751 | 419,354 | 318,805 |
Less current portion of term liabilities | 7,698 | 7,698 | 1,000
| Total term liabilities | 59,603 | 352,053 | 411,656 | 317,805 |
Debt issued prior to 1 October 1993 of $6,946 million is secured by a right to levy pursuant to the Auckland Electric Power Board Act 1978.
Other debt issued of $352 million is secured by way of negative pledge over the assets of the group.
The classification of $352 million of debt as term liabilities is based on the availability of a 60 month facility, which was undrawn at balance date.
Convertible Notes of $0.805 million are redeemable at par value by note holders up to 31 July 1997.
The Group's share of the Southdown Cogeneration joint venture loan is $59,603 million.
8 SEPTEMBER
NEW ZEALAND GAZETTE
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VUW Te Waharoa —
NZ Gazette 1997, No 117
NZLII —
NZ Gazette 1997, No 117
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Mercury Energy Limited Statement of financial position
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🏭 Trade, Customs & IndustryFinancial Statements, Term Liabilities, Mercury Energy Limited, 1997, 1996