✨ Financial Statements
NEW ZEALAND GAZETTE
No. 173
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2002
26. FINANCIAL INSTRUMENTS continued
LINES BUSINESS 2002
| Effective interest rate | Within one year $000 | One to two years $000 | Two to five years $000 | Later than five years $000 | Total $000 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash at Bank | 2.00% | 19 | - | - | - | 19 |
| Short term investments | 5.05% | 9,882 | - | - | - | 9,882 |
| 9,906 | - | - | - | 9,906 |
| Liabilities | | | | | |
| Bank overdraft | 9.20% | (1,738) | - | - | - | (1,738) |
| Debt | 6.84% | (637,973) | (137,602) | (251,683) | (1,130,174) | (1,157,432) |
| | | (639,711) | (137,602) | (251,683) | (1,130,174) | (1,159,170) |
Off Balance Sheet
| Within one year $000 | One to two years $000 | Two to five years $000 | Later than five years $000 | |
|---|---|---|---|---|
| Interest rate swaps | 208,089 | 7,500 | (35,380) | (180,000) |
| Interest rate options | (25,000) | 50,000 | 5,000 | (30,000) |
| 183,089 | 57,500 | (30,380) | (210,000) |
Repricing Profile
| | (446,725) | (80,562) | (282,063) | (340,174) | (1,149,264) |
The interest rate on debt as amended by interest rate swaps is 7.73%.
LINES BUSINESS 2001
| Effective interest rate | Within one year $000 | One to two years $000 | Two to five years $000 | Later than five years $000 | Total $000 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash at Bank | 3.00% | 29 | - | - | - | 29 |
| Short term investments | 6.95% | - | - | - | - | 29 |
| 29 | - | - | - | 29 |
| Liabilities | | | | | |
| Bank overdraft | 9.85% | (1,546) | - | - | - | (1,546) |
| Debt | 7.06% | (692,585) | (100,000) | (333,943) | (96,135) | (1,222,661) |
| | | (694,131) | (100,000) | (333,943) | (96,135) | (1,224,206) |
Off Balance Sheet
| Within one year $000 | One to two years $000 | Two to five years $000 | Later than five years $000 | |
|---|---|---|---|---|
| Interest rate swaps | 249,780 | 78,700 | 33,920 | (205,000) |
| Interest rate options | 56,800 | (15,000) | 25,000 | (66,800) |
| 306,580 | 63,700 | 58,920 | (271,800) |
Repricing Profile
| | (387,551) | (193,700) | (275,020) | (367,935) | (1,224,171) |
The interest rate on debt as amended by interest rate swaps is 7.86%.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 173
Gazette.govt.nz —
NZ Gazette 2002, No 173
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Transpower New Zealand Limited Notes to Financial Statements
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