New Zealand Gazette – 2003 – No. 127

Page 3431

✨ Financial Statements



5 SEPTEMBER
NEW ZEALAND GAZETTE
3431

Note 4. Sundry Debtors

Line Charge & Sundry Debtors

2003 $'000 2002 $'000
2085 1510
2085 1510

Note 5. Fixed Assets

At Cost:

Cost/Valuation $'000 Accumulated Depreciation $'000 Book Value 2003 $'000 Book Value 2002 $'000
Distribution System 0 0 0 1,734
Land and Buildings 274 2 272 229
Other 364 93 271 241
Capital Work In Progress 2,694
638 95 543 4,898

At Valuation:
Distribution System 54,799 0 54,799 46,811
Land and Buildings 498 20 478 470
Total 55,935 115 55,820 52,179

Note 6. Borrowings

Term Liabilities - Repayable 1-2 years 2003 $'000 2002 $'000
- Repayable 2-5 years 3,250 4,000
- Repayable later than 5 years 402 402
3,652 4,402

Loans are secured as follows:

Short Term Advance Facility $13,000,000 *
Various (No Security)

2003 $'000 2002 $'000
3,250 4,000
402 402
3,652 4,402
  • Secured by a charge over all assets.

The interest rates payable on these loans are:

Floating Rate - based on 90 day bill rate
Fixed Rates 6.1% - 10.5%



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 127


Gazette.govt.nz — PDF NZ Gazette 2003, No 127




✨ LLM interpretation of page content

🏭 Westpower Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
29 August 2003
Financial Statements, Revenue, Expenses, Taxation, Audit Fees, Directors' Fees, Depreciation, Loan Interest, Bad Debts, Fixed Assets, Buildings, Land, Taxation Charge, Deferred Taxation, Timing Differences, Sundry Debtors, Distribution System, Borrowings