✨ Financial Instruments Notes
NEW ZEALAND GAZETTE
No. 190
TRANSPOWER NEW ZEALAND LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1999
21. FINANCIAL INSTRUMENTS (cont...)
LINES BUSINESS 1999
| 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
| 2.00% | 4 | - | - | - | 4 |
| | 4 | - | - | - | 4 |
Liabilities
Debt
| 7.54% | (465,095) | (150,980) | (438,997) | (223,701) | (1,278,773) |
Off Balance Sheet
Interest rate swaps
| | 432,030 | (50,250) | (236,400) | (145,380) | - |
| | 432,030 | (50,250) | (236,400) | (145,380) | - |
Repricing Profile
| | (33,061) | (201,230) | (675,397) | (369,081) | (1,278,769) |
The interest rate on debt as amended by interest rate swaps is 7.32%
GROUP 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
Bank
| 4.50% | 5 | - | - | - | 5 |
| | 5 | - | - | - | 5 |
Liabilities
Debt
| 7.55% | (690,717) | - | (399,818) | (274,053) | (1,364,588) |
| | (690,717) | - | (399,818) | (274,053) | (1,364,588) |
Off Balance Sheet
Interest rate swaps
| | 522,234 | (25,204) | (213,950) | (283,080) | - |
| | 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%
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VUW Te Waharoa —
NZ Gazette 1999, No 190
NZLII —
NZ Gazette 1999, No 190
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Transpower New Zealand Limited Financial Instruments Notes
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