β¨ Financial Statements Notes
14 AUGUST
NEW ZEALAND GAZETTE
2805
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 1998. The facility to roll-over maturing debt has been confirmed for periods from 1 April 1998 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 |
TOTAL TERM DEBT (Secured by all assets)
$1,500,000
NOTE 7. UNITED ELECTRICITY LIMITED
Electricity Invercargill Limited's 13% interest in United Electricity Limited is $1,538,334. Being exclusively Energy Trading, this activity is excluded from these accounts.
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VUW Te Waharoa —
NZ Gazette 1998, No 113
NZLII —
NZ Gazette 1998, No 113
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Notes to and forming part of the Line Business Financial Statements
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π Trade, Customs & IndustryElectricity, Financial Statements, Long Term Liabilities, Debenture, Debt, Interest Rates, Maturity Dates, United Electricity Limited