✨ Financial Statements
4 DECEMBER
NEW ZEALAND GAZETTE
4217
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2000
20. FINANCIAL INSTRUMENTS (cont...)
LINES BUSINESS 2000
| 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 | 3.50% | - | 19 | - | - | 19 |
| 19 | - | - | - | 19 | ||
| Liabilities | ||||||
| 7.49% | (510,991) | (249,326) | (433,940) | (37,827) | (1,232,084) | |
| (510,991) | (249,326) | (433,940) | (37,827) | (1,232,084) | ||
| Off Balance Sheet | ||||||
| Interest rate swaps | 341,780 | - | (196,400) | (145,380) | - | |
| 341,780 | - | (196,400) | (145,380) | - | ||
| Repricing Profile | (169,192) | (249,326) | (630,340) | (183,207) | (1,232,065) |
The interest rate on debt as amended by interest rate swaps is 7.63%.
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) | (225,765) | (1,278,837) |
| (465,095) | (150,980) | (438,997) | (225,765) | (1,278,837) | ||
| Off Balance Sheet | ||||||
| Interest rate swaps | 432,030 | (50,250) | (236,400) | (145,380) | - | |
| 452,030 | (50,250) | (236,400) | (145,380) | - | ||
| Repricing Profile | (33,065) | (201,230) | (675,397) | (369,145) | (1,278,837) |
The interest rate on debt as amended by interest rate swaps is 7.32%.
PARENT
Transpower's re-pricing risk on financial instruments is all within one year and is primarily with Transpower Group subsidiaries. The long term debt of $40,661,000 (1999: $30,797,000) is matched by an advance to a Transpower Group subsidiary, with the same maturity. The effective interest rates on Transpower's financial instruments are cash 3.5% (1999: 2.00%), bank overdraft 10.25% (1999: 9.30%) investments 7.16% (1999: 6.6%) and debt 7.36% (1999: 7.54%).
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 162
Gazette.govt.nz —
NZ Gazette 2000, No 162
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Transpower New Zealand Limited Notes to the Financial Statements
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🏭 Trade, Customs & IndustryFinancial Instruments, Fair Value, Debt, Cross Currency Interest Rate Swaps, Foreign Exchange Forward Contracts, Interest Rate Swaps, Forward Rate Agreements, Interest Rate Options, Interest Rate Re-pricing Analysis