✨ Financial Notes and Investments




3348 NEW ZEALAND GAZETTE No. 138

Note 4 Inventories

Network 1998 $000 Energy & Other 1998 $000 Network 1997 $000 Energy & Other 1997 $000
Network Stock - 624
Retail & Contracting Stock - 955 - 556
Work in Progress 7 13 2 13
7 968 626 569

Note 5 Assets

Included in Network Fixed Assets are Line Assets as at 31 March 1998 which were valued by KPMG Peat Marwick with an ODV of $28,891.701.

Note 6 Investments

The Disaster Reserve has been established to contribute towards the cost of a catastrophe on the line assets. The investments as at 31 March 1998 were:

Network Principal 1998 $000 Principal 1997 $000 Interest Rate Maturity Date
CHB District Council 60 60 7.7% 01/06/99
TransPower Finance Ltd 31 31 8.0% 15/03/02
Housing New Zealand Limited 30 30 8.0% 15/03/02
TCNZ Finance Limited 30 - 9.0% 15/04/02
151 121

Other Investments

Energy & Other

Principal $000 Interest Rate
NBNZ 200 9.26%
Countrywide Bank 150 9.61%
EMCO Advance 4 11.7%

Total Investments:
| | 505 | 125 |



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✨ LLM interpretation of page content

πŸ’° Notes to the Financial Accounts for CHB Power Holdings Limited (continued from previous page)

πŸ’° Finance & Revenue
Financial Accounts, Inventories, Assets, Investments, CHB Power Holdings Limited