New Zealand Gazette – 1999 – No. 107

Page 2550

✨ Financial Disclosure by Horowhenua Energy Limited



2550
NEW ZEALAND GAZETTE
No. 107
Horowhenua Energy Limited Line Business – Disclosure 1999

6. Reserves

1999 $000 1998 $000
25,772 20,197
3,304 3,304
$29,076 $23,501

Asset revaluation reserve
General reserves

The Asset Revaluation Reserve increased as a result of a revaluation, dated 1 April 1998, of network assets using the ODV methodology.

7. Non-current liabilities

1999 $000 1998 $000
3,250 -
$3,250 $-

Borrowings
Bank facilities
Non current liabilities

Repayable as follows:

Loans
Beyond two years

3,250 -
$3,250 $-

All borrowings are unsecured. Interest rates payable on bank facilities are based on the 90 day bank bill rate plus 0.5%.

8. Accounts payable and accruals

1999 $000 1998 $000
960 2,126
4,396 3,269
115 155
117 276
$5,588 $5,826

Creditors
Trade
Other
Accruals and provisions
Accrued employee entitlements



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🏭 Financial and Performance Disclosure by Horowhenua Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
28 May 1999
Electricity, Financial Disclosure, Performance Measures, Horowhenua Energy Limited, Revenue, Expenditure, Taxation, Dividends, Share Capital