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New Zealand Gazette – 2001 – No. 163

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 163

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2001

21. FINANCIAL INSTRUMENTS continued

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

	LINES BUSINESS 2001	LINES BUSINESS 2000
Interest rate options	$600	$800

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:

	LINES BUSINESS 2001	LINES BUSINESS 2000
Forward foreign exchange contracts	251,820	550,000

| | | 53,165 | 2,459 |

Foreign currency options

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

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

	LINES BUSINESS 2001	LINES BUSINESS 2000
Foreign currency options	-	-

VUW Te Waharoa — NZ Gazette 2001, No 163

Gazette.govt.nz — NZ Gazette 2001, No 163

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Financial Position (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Financial Risks, Interest Rate Risk, Currency Risk, Credit Risk, Liquidity Risk, Debt Facilities, Term Investments, Interest Rate Swaps

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