✨ Financial Statements Notes
NEW ZEALAND GAZETTE
No. 57
TRANSALTA NEW ZEALAND LIMITED
Notes to and forming part of the Financial Statements (Continued)
For the Year Ended 31 March 1999
Fair Values
Distribution
| 31-Mar-99 | 31-Mar-98 | |||
|---|---|---|---|---|
| Face Value | Fair Value | Carrying Value | Face Value | |
| $000 | $000 | $000 | $000 | |
| -------------------- | ------------------- | ------------------- | ------------------- | ------------------- |
| Cash and short term investments | - | - | - | 3,390 |
| Capital notes | - | - | - | 13,301 |
| Bonds | - | - | - | 25,826 |
| Interest rate swaps | - | - | - | 18,555 |
Retail
| 31-Mar-99 | 31-Mar-98 | |||
|---|---|---|---|---|
| Face Value | Fair Value | Carrying Value | Face Value | |
| $000 | $000 | $000 | $000 | |
| -------------------- | ------------------- | ------------------- | ------------------- | ------------------- |
| Cash and short term investments | (5,925) | (5,925) | (5,925) | (92) |
The carrying value of accounts receivable and accounts payable are equal to their fair value.
Currency Risk
The Company has no significant exposure to currency risk at 31 March 1999.
Note: 12 Commitments
| 31-Mar-99 | 31-Mar-98 | |
|---|---|---|
| $000 | $000 | |
| Capital Expenditure Contracted for at Balance Date | - | - |
Lease commitments under non-cancellable operating leases are:
| 31-Mar-99 | 31-Mar-98 | 31-Mar-99 | 31-Mar-98 | |
|---|---|---|---|---|
| $000 | $000 | $000 | $000 | |
| Not later than one year | - | 73 | 122 | 53 |
| Later than one year and not later than two years | - | 67 | 119 | 49 |
| Later than two years and not later than five years | - | 156 | 171 | 114 |
| Later than five years | - | 6 | - | - |
| Total Lease Commitments | - | 296 | 418 | 216 |
The information disclosed in the 1999 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Gas (Information Disclosure) Regulations 1997.
The information should not be used for any other purpose than that intended under the regulations.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 57
Gazette.govt.nz —
NZ Gazette 2000, No 57
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Notes to Financial Statements for TransAlta New Zealand Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Accounting Policies, Gas (Information Disclosure) Regulations, TransAlta New Zealand Limited, Fair Values, Commitments, Currency Risk