New Zealand Gazette – 2000 – No. 162

Page 4213

✨ Financial Statements Notes



4 DECEMBER
NEW ZEALAND GAZETTE
4213

TRANSPower NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2000

  1. FINANCIAL INSTRUMENTS (cont...)

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

                            LINES BUSINESS    LINES BUSINESS
                            2000              1999
                            $000              $000

Interest rate options 550,000 115,000

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:

Forward foreign exchange contracts 2,459 9,442

Foreign currency options
Transpower enters into foreign currency options to manage the effect of exchange rate
fluctuations on foreign currency purchases. Transpower purchased foreign currency
options to reduce the impact of unfavourable movements in exchange rates during the period
between commitment to purchase capital equipment, stocks items and the contracted
payment date.

The notional contract amount of foreign currency options
outstanding at balance date are:

Foreign currency options - -



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 162


Gazette.govt.nz — PDF NZ Gazette 2000, No 162




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Instruments, Interest Rate Options, Foreign Exchange Forward Contracts, Foreign Currency Options, Contract Amounts