✨ Financial Statements Continuation
11 AUGUST NEW ZEALAND GAZETTE 2717
CENTRALPOWER GROUP
Line Business and Electricity Retailing
Notes to and forming part of the Financial Statements (cont.)
For the Year Ended 31 March 1998
- Unsecured Loans
| Line Business | Electricity Retailing | |
|---|---|---|
| $000 | $000 | |
| Fixed term loans with Bank of New Zealand Limited | 3,150 | 350 |
| Short-term advances facility with The National Bank of New Zealand Limited | 300 |
Schedule of maturities:
- Due within 1 year | | 300 |
- Due 1 to 2 years | 3,150 | 350 |
The interest rate on the fixed-term loan with Bank of New Zealand is 8.11%.
The interest rate on the short-term advances facility with The National Bank of New Zealand Limited is 11.95%.
- Capital Commitments
| Line Business | Electricity Retailing | |
|---|---|---|
| $000 | $000 | |
| Estimated capital expenditure contracted, but not provided for, at balance date | 350 | 43,522 |
- 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 Group's subsidiaries and associates.
- Segmental Reporting
CentralPower Group operates predominantly in one industry: the generation, 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 1998, No 110
NZLII —
NZ Gazette 1998, No 110
✨ LLM interpretation of page content
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Financial Statements for CentralPower Group
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🏭 Trade, Customs & IndustryElectricity, Financial Statements, Line Business, Retailing, CentralPower Group, Fixed Assets, Valuations, Unsecured Loans, Capital Commitments, Related Parties, Segmental Reporting