✨ Financial Statements
30 NOVEMBER NEW ZEALAND GAZETTE 4559
TRANSPOWER NEW ZEALAND LIMITED GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1998
21. FINANCIAL INSTRUMENTS (cont...)
| 1998 | Effective interest rate | Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 | Total $000 |
|---|
Assets
Short term investment |
Cash at Bank 4.50% 5 - - - 5
Liabilities
Debt 7.55% (690,717) - (399,818) (274,053) (1,364,588)
Off Balance Sheet
Interest rate swaps 522,234 (25,204) (213,950) (283,080) -
Repricing Profile (168,478) (25,204) (613,768) (557,133) (1,364,583)
The interest rate on debt as amended by interest rate swaps is 8.01%
| 1997 | Effective interest rate | Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 | Total $000 |
|---|
Assets
Short term investment 6.55% 1,685 - - - 1,685
Liabilities
Bank overdraft 10.50% (143) - - - (143)
Debt 7.68% (543,340) (225,764) (429,294) (274,099) (1,472,497)
Off Balance Sheet
Interest rate swaps 469,955 (79,005) (35,270) (355,680) -
Repricing Profile (71,843) (304,769) (464,564) (629,779) (1,470,955)
The interest rate on debt as amended by interest rate swaps is 8.09%
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VUW Te Waharoa —
NZ Gazette 1998, No 193
NZLII —
NZ Gazette 1998, No 193
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Transpower New Zealand Limited Notes to the Financial Statements
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