New Zealand Gazette – 1998 – No. 160

Page 3849

✨ Financial Tables



28 SEPTEMBER

13. TERM LIABILITIES

Maturing: Interest rates 1998 1997
Generation Activities Other Activities Total Activities Generation Activities Other Activities Total Activities
$000 $000 $000 $000 $000 $000
Within one year 6.3% to 9.0% - 686 686 - 7,698 7,698
One to two years 6.3% - 53 53 - 53 53
Two to five years 7.1% to 10.3% 57,564 396,810 454,374 59,603 352,000 411,603
Total term liabilities 57,564 397,549 455,113 59,603 359,751 419,354
Less current portion of term liabilities - 686 686 - 7,698 7,698
Total term liabilities 57,564 396,863 454,427 59,603 352,053 411,656

Debt issued prior to 1 October 1993 of $0.053 million is secured by a right to levy pursuant to the Auckland Electric Power Board Act 1978.

Other debt issued of $396.810 million is secured by way of negative pledge over the assets of the group.

The classification of $292 million of debt as term liabilities is based on the availability of a 60 month facility, which was undrawn at balance date.

Convertible notes of $0.686 million are redeemable at par by note holders.

The Group's share of the Southdown Cogeneration joint venture non-recourse project finance facility is $57.488 million.

Interest rates for the 1997 year were 5.8% to 11.7% within one year, 6.3% one to two years and 7.4% to 8.8% two to five years.

1998 1997
Line Activities Electricity Retailing Activities Generation Activities Other Activities Total Activities Line Activities Electricity Retailing Activities Generation Activities
$000 $000 $000 $000 $000 $000 $000 $000
14. ACCOUNTS PAYABLE AND ACCRUALS
Trade and other creditors 34,131 1,052 3,129 30,437 68,749 3,312 4,407 1,951
CBD network restoration costs 108,950 - - - 108,950 - - -
Interest payable - - - 4,755 4,755 - - -
Employee entitlements 977 355 106 2,817 4,255 - 126 26
Total 144,058 1,407 3,235 38,009 186,709 3,312 4,533 1,977


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✨ LLM interpretation of page content

💰 Taxation and Financial Tables (continued from previous page)

💰 Finance & Revenue
Taxation, Financial Tables, Electricity Generation, Retailing Activities, Operating Surplus, Prima Facie Taxation, Permanent Differences, Taxation Expense, Current Taxation, Future Taxation, Imputation Credit Account, Dividends, Share Capital, Retained Earnings

💰 Term Liabilities and Debt Information

💰 Finance & Revenue
Term Liabilities, Debt, Interest Rates, Financial Tables, Electricity Generation, Retailing Activities, Operating Surplus, Prima Facie Taxation, Permanent Differences, Taxation Expense, Current Taxation, Future Taxation, Imputation Credit Account, Dividends, Share Capital, Retained Earnings

💰 Accounts Payable and Accruals

💰 Finance & Revenue
Accounts Payable, Accruals, Trade Creditors, CBD Network Restoration Costs, Interest Payable, Employee Entitlements