New Zealand Gazette – 2001 – No. 87

Page 2240

✨ Financial Statements



2240

NEW ZEALAND GAZETTE

No. 87

HORIZON ENERGY DISTRIBUTION LIMITED
Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000

NOTES TO THE FINANCIAL STATEMENTS

11 TERM LOANS
Term loans fall due for repayment in the following periods:

Within One Year - -
Within One to Two Years 34,000 39,500
Within Two to Three Years - -
Within Three to Four Years - -
Within Four to Five Years - -

Balance as at 31 March 34,000 39,500

Disclosed in Balance Sheet as:
Current Portion of Term Loans - -
Term Loans 34,000 39,500

Balance as at 31 March 34,000 39,500

All term loans are unsecured and are subject to negative pledge undertakings. The weighted average interest rate on term loans is 7.36% (2000 7.5%). The Company currently has $40 million rolling loan facilities, confirmed at this level until 31 October 2002.

12 DIVIDENDS
Dividend Paid & Declared @ 85.0 cents (83.0 cents in 2000) 4,249 4,147
Less: Interim Dividend Paid @ 40.0 cents (2,000) (2,398)

Balance as at 31 March 2,249 1,749

Dividends (Cents Per Share) 85.0 83.0

13 IMPUTATION CREDIT ACCOUNT

Opening Balance 42 1,222
Plus: Income Tax Paid 2,697 1,224
Less: Imputation Credits attached to dividends paid (1,846) (2,404)

Balance as at 31 March 893 42



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 87


Gazette.govt.nz — PDF NZ Gazette 2001, No 87




✨ LLM interpretation of page content

🏗️ Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

🏗️ Infrastructure & Public Works
Electricity, Financial Statements, Term Loans, Dividends, Imputation Credit Account, Revenue, Expenditure, Horizon Energy Distribution Limited