New Zealand Gazette – 1998 – No. 167

Page 3994

✨ Financial Statements



3994 NEW ZEALAND GAZETTE No. 167

TRANSALTA NEW ZEALAND LIMITED

Notes to and forming part of the Financial Statements (Continued)

For the Year Ended 31 March 1998

Fair Values

Distribution 31-Mar-98 Face Value $000 31-Mar-98 Fair Value $000 31-Mar-98 Carrying Value $000 31-Mar-97 Face Value $000 31-Mar-97 Fair Value $000 31-Mar-97 Carrying Value $000
Cash and short term investments 3,390 3,381 3,373 - - -
Capital notes 13,301 13,719 13,301 13,267 13,668 13,267
Bonds 25,826 26,700 25,826 25,759 26,395 25,759
Interest rate swaps 18,555 (80) (18) - - -
Retail 31-Mar-98 Face Value $000 31-Mar-98 Fair Value $000 31-Mar-98 Carrying Value $000 31-Mar-97 Face Value $000 31-Mar-97 Fair Value $000 31-Mar-97 Carrying Value $000
Cash and short term investments (92) (92) (92) - - -
Capital notes - - - 34 35 34
Bonds - - - 67 69 67

The carrying value of accounts receivable and accounts payable are equal to their fair value.

Currency Risk

The Company has no significant exposure to currency risk at 31 March 1998.

Note: 10 Commitments

31-Mar-98 $000 31-Mar-97 $000 31-Mar-98 $000 31-Mar-97 $000
Capital Expenditure Contracted for at Balance Date
- 560 - 2

Lease commitments under non-cancellable operating leases are:

  • Not later than one year | 73 | 338 | 53 | 1 |
  • Later than one year and not later than two years | 67 | 335 | 49 | 1 |
  • Later than two years and not later than five years | 156 | 625 | 114 | 3 |
  • Later than five years | - | 31 | - | - |

Total Lease Commitments | 296 | 1,329 | 216 | 5 |

The information disclosed in the 1998 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Gas (Information Disclosure) Regulations 1997.

The information should not be used for any other purpose than that intended under the regulations.



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✨ LLM interpretation of page content

🏭 Financial Statements of TransAlta New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
28 August 1998
Financial Statements, Gas, Information Disclosure, TransAlta New Zealand Limited, Taxation, Share Capital, Capital Notes, Treasury Policy, Credit Risk, Interest Rate Risk