New Zealand Gazette – 1997 – No. 118

Page 2804

✨ Financial Instruments Valuation



2804 NEW ZEALAND GAZETTE No. 118

10 FINANCIAL INSTRUMENTS

The estimated fair value of Financial instruments at 31 March 1997

| 1997 |
| Business Unit(s) |
| Network Energy |
| Carrying Amount Fair Value Carrying Amount Fair Value |
| ($000) ($000) ($000) ($000) |

ASSETS

Cash and Liquid Deposits (3,565) (3,565) (579) (579)

LIABILITIES

Current Liabilities 1,140 1,140 0 0

The estimated fair value of Financial instruments at 31 March 1996

| 1996 |
| Business Unit(s) |
| Network Energy |
| Carrying Amount Fair Value Carrying Amount Fair Value |
| ($000) ($000) ($000) ($000) |

ASSETS

Cash and Liquid Deposits 57,722 57,722 18,354 18,354

LIABILITIES

Non-current liabilities 1,160 1,160 0 0

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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✨ LLM interpretation of page content

💰 Notes to and Forming Part of the Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Instruments, Fair Value, Business Units, Cash, Liabilities, Valuation Methods