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New Zealand Gazette – 1999 – No. 190

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✨ Financial Statements Notes

4530 No. 190

NEW ZEALAND GAZETTE

TRANSPOWER NEW ZEALAND LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1999

21. FINANCIAL INSTRUMENTS (cont...)

The notional contract amounts of interest rate options outstanding at balance date are:

	LINES BUSINESS	GROUP
	1999	1998
	$000	$000
Interest rate options	115,000	225,000

Foreign exchange forward contracts

Transpower uses foreign exchange forward contracts to fix the New Zealand dollar cost of foreign denominated capital equipment and stock purchases and to eliminate foreign currency risk on debt issued in foreign currency.

The contract amount of forward foreign exchange contracts outstanding at balance date are:

	LINES BUSINESS		GROUP
	1999		1998
Forward foreign exchange contracts	9,442		8,201

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VUW Te Waharoa — NZ Gazette 1999, No 190

NZLII — NZ Gazette 1999, No 190

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Financial Instruments Notes (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Instruments, Interest Rate Options, Foreign Exchange Forward Contracts

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Additional Sources

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