New Zealand Gazette – 2000 – No. 111

Page 2802

✨ Financial Statements Notes



2802 NEW ZEALAND GAZETTE No. 111

2.5 UnitedNetworks Limited

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (continued)

For the year ended 31 March 2000

17 Lease (continued)

2000 1999
($000) ($000)
Gross amount 4,927 5,128
Unearned interest 3,261 3,396
Net amount 1,666 1,732
Long term 1,611 1,670
Current 55 62
Interest rate 8.00% 7.90%
Term 40 years 40 years

Relating to flood lighting and high-tension reticulation systems and other electrical works in North Harbour Stadium.

18 Goodwill

2000 1999
($000) ($000)
Opening Balance 1,731 -
Goodwill purchased in the year - 1,750
Amortised during the year (88) (19)
Closing balance 31 March 1,643 1,731

19 Identifiable intangible

2000 1999
($000) ($000)
Opening balance 1 April 531,523 -
Adjustment to opening balance 648 -
Identifiable intangibles purchased in the year - 534,289
Amortised during the year (13,387) (2,766)
Closing balance 31 March 518,784 531,523

20 Loans

2000 1999
Loans – Current 6,600 36,500
- Term 873,000 989,500
879,600 1,026,000

The loan maturity dates are:

2000 1999
Payable within 1 year 6,600 36,500
Payable between 1 and 2 years 100,000 64,500
Payable between 2 and 3 years 773,000 912,000
Payable between 3 and 4 years - -
Payable between 4 and 5 years - 13,000
879,600 1,026,000

All loans are unsecured and are subject to negative pledge arrangements. Interest rates for the majority of loans are floating based on the 90-day bank bill rate plus a margin.

The weighted average interest rate on loans is 7.001% (1999: 5.49%).



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 111


Gazette.govt.nz — PDF NZ Gazette 2000, No 111




✨ LLM interpretation of page content

🏭 Notes to Financial Statements of UnitedNetworks Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial, Statements, Notes, Cash Flow, Operating Activities, Tangible Assets, UnitedNetworks Limited