✨ Financial Statements




2282 NEW ZEALAND GAZETTE No. 95

Note 9 Statement of Financial Position Investments

Network Disaster Fund

Investments in Financial Institutions maturing
1 June 1999 to 15 April 2002
Interest rates applicable are 7.70% to 9.0%

Other Investments

Short term Investments held maturing 20 April 1999 to 30 April 1999
Interest rates applicable 4.60% to 4.63%

Total Investments as at 31 March 1999

1999 1998
$000 $000
181 151
2,900
3,081

The Disaster Relief Fund has been established to contribute towards the cost of a catastrophe on the Network Assets

As at 31 March 1999 the Board had resolved to invest a further $700,000 into this Fund.



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✨ LLM interpretation of page content

πŸ’° Statement of Financial Position Investments

πŸ’° Finance & Revenue
Investments, Financial Position, Network Disaster Fund, Interest Rates