New Zealand Gazette – 1999 – No. 105

Page 2503

✨ Financial Statements

31 AUGUST NEW ZEALAND GAZETTE 2503

notes to and forming part of the financial statements CentralPower Limited

3. Receivables and Prepayments

| | 1999
$000's | 1998
$000's |
|--------------------------------|---------------|
| Trade receivables | 3,846 | 1,228 |
| Non-trade receivables | 1,229 | (92) |
| Provision for doubtful debts | 0 | (45) |
| | 5,075 | 1,091 |

Included in non-trade receivables are the following loans:

CentralPower Limited employees | 10 | 0 |
CentralPower Employee Share Purchase Trust | (12) | 0 |

4. Payables and Accruals

| | 1999
$000's |
|--------------------------------|---------------|
| Trade creditors accounts payable| 2,309 |
| Employee provisions | 469 |
| Sundry creditors and accruals | 11 |
| | 2,789 |

5. Unsecured Loans

| | 1999
$000's | 1998
$000's |
|--------------------------------|---------------|
Bank Loans |

Fixed-term loan with Bank of New Zealand | 3,150 | 3,150 |
Short-term advances facility with The National Bank of New Zealand Limited | 754 | 0 |

Schedule of maturities:

Due within 1 year | 3,904 | 0 |
Due in 1 to 2 years | 0 | 3,150 |

The interest rate on the fixed-term loan with Bank of New Zealand is 8.11%.

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VUW Te Waharoa — NZ Gazette 1999, No 105

NZLII — NZ Gazette 1999, No 105

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✨ LLM interpretation of page content

🏭 Financial Statements of CentralPower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Instruments, Accounting Policies, Cost Allocation, Electricity Regulations, Financial Disclosure

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