New Zealand Gazette – 1997 – No. 126

Page 2967

✨ Financial Statements



NEW ZEALAND GAZETTE

15 SEPTEMBER 2967

BAY OF PLENTY ELECTRICITY LIMITED

Financial Statements for the purposes of Electricity (Information Disclosure) Regulations 1994

Notes to the Financial Statements

for the 12 months ended 31 March 1997

Network Generation Energy Trading
1997 1996 1997 1996 1997 1996
$000 $000 $000 $000 $000 $000

13 Term Loans

Term loans fall due for repayment in the following periods:

Within one year

  • 5,500
  • 500
  • 11,000
  • 4,250
  • 1,000
  • 250

Within one to two years

  • 1,000
  • 3,000
  • 1,000
  • 750
  • 750

Within two to three years

  • 1,000
  • 1,000
  • 1,000

Within three to four years

  • 1,000
  • 1,000
  • 6,000
  • 3,000

Within four to five years

  • 1,000
  • 2,000

Balance as at 31 March

  • 8,500
  • 6,500
  • 18,000
  • 11,000
  • 1,000
  • 1,000

Disclosed in Balance Sheet as:
Current Portion of Term Loans

  • 5,500
  • 500
  • 11,000
  • 4,250
  • 1,000
  • 250

Term Loans

  • 3,000
  • 6,000
  • 7,000
  • 6,750
  • 750

Balance as at 31 March

  • 8,500
  • 6,500
  • 18,000
  • 11,000
  • 1,000
  • 1,000

All term loans are unsecured and are subject to negative pledge undertakings. The weighted average interest rate on term loans is 8.9% (1996 7.8%). The Company has $30 million rolling loan facilities until 31 March 2002.

14 Accounts Payable and Accruals

Accounts Payable and Accruals Comprise:

Trade Creditors

  • 1,827
  • 2,105
  • 1,648
  • 1,160
  • 2,563
  • 2,304

Employee Entitlements

  • 288
  • 47
  • 104
  • 10
  • 82
  • 10

BOPE Trustee Limited

  • 112
  • 212
  • 24
  • 61
  • 24
  • 64

Balance as at 31 March

  • 2,227
  • 2,364
  • 1,776
  • 1,231
  • 2,669
  • 2,378

15 Dividends Payable

Dividend Paid & Declared

  • 2,914
  • 911
  • 6,135
  • 3,702
  • 347
  • (15)

Supplementary Dividend

  • 154
  • 324
  • 18

Less Interim Dividend Paid

  • (2,169)
  • (317)
  • (4,566)
  • (1,288)
  • (258)
  • 5

Balance as at 31 March

  • 899
  • 594
  • 1,893
  • 2,414
  • 107
  • (10)


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✨ LLM interpretation of page content

🏭 Financial Statements for Bay of Plenty Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Term Loans, Accounts Payable, Dividends Payable