✨ Financial Statements




TOP ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31 MARCH 2003

Interest LINE BUSINESS
Rate % Repayable Fair Value $
2003 2002

8 TERM LIABILITIES

| | | | | 8,300,000 | 8,300,000 |
| Westpac Loans*| | | | | |
| Borrowing 20.03.02 | 6.14 | 22.04.03 | 257,175 | 257,143 |
| Borrowing 25.03.02 | 6.14 | 22.04.03 | 214,313 | 214,286 |
| Borrowing 31.03.02 | 6.13 | 22.04.03 | 85,726 | 85,714 |
| Borrowing 20.03.02 | 6.76 | 18.12.03 | 1,165,283 | 1,157,143 |
| Borrowing 5.02.03 | 6.63
| 08.08.05 | 2,143,576 | 2,142,857 |
| Borrowing 04.02.03 | 6.86 | 07.08.07 | 2,143,618 | 2,142,857 |
| Borrowing 07.02.02 | 6.76
| 04.05.12 | 1,714,762 | 1,714,286 |
| Borrowing 21.03.02 | 6.35* | 21.03.11 | 1,286,438 | 1,285,714 |

Less current portion ||||| 9,000,000 | 8,300,000 |
||||| 1,714,286 | 2,289,655 |

Term liabilities ||||| 7,285,714 | 6,010,345 |

Repayable as follows:

  • Due after 1 but before 2 years ||| - | 1,103,941 |
  • Due after 2 but before 5 years ||| 4,285,714 | 4,906,404 |
  • Due after 5 but before 10 years || 3,000,000 | - |
    ||||| 7,285,714 | 6,010,345 |
  • Effective interest rate under interest rate swap agreements

** Under a Facility Agreement dated 26 October 2000.
Westpac loans are secured by deed of guarantee from group companies.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2003, No 105


Gazette.govt.nz PDF NZ Gazette 2003, No 105





✨ LLM interpretation of page content

🏭 Top Energy Limited Financial Performance Statement (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Term Liabilities, Westpac Loans, Interest Rates