New Zealand Gazette – 2002 – No. 173

Page 4378

✨ Financial Statements Continuation



NEW ZEALAND GAZETTE

No. 173

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2002

20. FINANCIAL INSTRUMENTS continued

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

LINES BUSINESS 2002 LINES BUSINESS 2001
$000 $000

Interest rate options

85,000 | 251,800

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:

Forward foreign exchange contracts

  • | 53,165

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:

Foreign currency options

  • | -


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 173


Gazette.govt.nz — PDF NZ Gazette 2002, No 173




✨ LLM interpretation of page content

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

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