✨ 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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✨ LLM interpretation of page content

🏭 Notes to and forming part of the Line Business Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Long Term Liabilities, Debenture, Debt, Interest Rates, Maturity Dates, United Electricity Limited