✨ Financial Reports
11 JULY NEW ZEALAND GAZETTE 1733
NOTE 6. LONG TERM LIABILITIES
The following is a detailed list of debt owing under the debenture to the Invercargill City Council at 31 March 1997. The facility to roll-over maturing debt has been confirmed for periods from 1 April 1997 to 1 April 2000.
| Loan | Interest Rate % | Amount Payable $ | Amount Due $ | Current Maturity Date | Final Sanction Date |
|---|---|---|---|---|---|
| Renewal 109 | 5.80 | 400,000 | 01/04/1998 | 01/04/1998 | |
| Renewal 111 | 5.80 | 100,000 | 01/04/1998 | 01/04/1998 | |
| Renewal 114 | 9.41 | 450,542 | 15/07/1998 | 01/05/2000 | |
| Renewal 115 | 9.41 | 39,749 | 15/07/1998 | 01/05/2000 | |
| Renewal 116 | 9.41 | 9,709 | 15/07/1998 | 01/05/2000 | |
| Total due for year to 31/03/1999 | 1,000,000 | ||||
| Renewal 109 | 5.95 | 500,000 | 01/04/1999 | 01/04/1999 | |
| Total due for year to 31/03/2000 | 500,000 | ||||
| Electricity 1976 | 10.50 | 15,210 | 01/04/2003 | 01/04/2003 | |
| Total due for year to 31/03/2004 | 15,210 |
TOTAL TERM DEBT (Secured by all assets)
$1,515,210
NOTE 7. UNITED ELECTRICITY LIMITED
Electricity Invercargill Limited's 25% interest in United Electricity Limited is $28,817. Being exclusively Energy Trading, this activity is excluded from these accounts.
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NZ Gazette 1997, No 71
✨ LLM interpretation of page content
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Long Term Liabilities
(continued from previous page)
🏭 Trade, Customs & IndustryDebenture, Debt, Invercargill City Council, Electricity Invercargill Limited
🏭 United Electricity Limited Interest
🏭 Trade, Customs & IndustryInvestment, Energy Trading, Electricity Invercargill Limited