✨ Financial Statements Continuation
22 SEPTEMBER NEW ZEALAND GAZETTE 3175
CENTRALPOWER LIMITED
Line Business and Electricity Retailing
Notes to the Financial Statements (cont.)
For the Year Ended 31 March 1997
- Term Liabilities
| Line Business $000 | Electricity Retailing $000 |
|---|---|
| Fixed term loans with Bank of New Zealand Limited repayable within 12 months | 4,000 |
| Fixed term loans with Bank of New Zealand Limited | 3,500 |
| Schedule of maturities: | |
| Due within 1 year | 4,000 |
| Due 1 to 2 years | - |
| Due 2 to 3 years | 3,500 |
Interest rates on fixed term loans with Bank of New Zealand Limited range between 7.78 and 9.12%.
- Capital Commitments
| Line Business $000 | Electricity Retailing $000 |
|---|---|
| Estimated capital expenditure contracted for at balance date but not provided for | 1,126 |
- Related Parties
Related party payables and receivables outstanding at balance date relate to normal trade transactions based on standard terms of trade and funding with the Company’s subsidiaries and associates.
- Segmental Reporting
CentralPower Limited operates predominantly in one industry; the distribution and supply of electricity within the Manawatu/Tararua area. All operations are carried out within New Zealand.
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VUW Te Waharoa —
NZ Gazette 1997, No 135
NZLII —
NZ Gazette 1997, No 135
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CentralPower Limited Financial Statements
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🌾 Primary Industries & ResourcesElectricity, Financial Statements, Line Business, Electricity Retailing, Fixed Assets, Valuations