New Zealand Gazette – 2003 – No. 54

Page 1412

✨ Financial Statements

1412

NEW ZEALAND GAZETTE

No. 54

2.3 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
(con’t)

	2002 ($000)	2001 ($000)
11 Identifiable intangibles
Opening balance	272,767	279,407
Adjustment to opening balance	-	477
Identifiable intangibles disposed of during the period	106,826	-
Amortised during the period	13,888	7,117
Closing balance	152,053	272,767

The company has changed its estimate with respect to the amortisation period for identified intangibles, which has been reduced from 40 years to 20 years effective from 1 January 2002. The remaining carrying value will be amortised over the reduced remaining life. The effect of this change is to increase the charge to the statement of financial performance for the current year by $7.2m.

12 Borrowings

Borrowings are made up as follows:


Bank loans	-	68,373
Commercial paper	-	143,155
Medium term notes – fixed rate NZ$	81,239	84,840
Medium term notes – floating rate A$	232,537	243,158
	313,776	539,526

The borrowing repayment terms are:


Payable within 1 year	-	8,547
Payable between 1 and 2 years	-	202,981
Payable between 2 and 3 years	-	-
Payable between 3 and 5 years	81,239	-
Payable after 5 years	232,537	327,998
	313,776	539,526

All borrowings are unsecured with all bank loans being subject to negative pledge arrangements. Commercial paper was supported by a 2 year standby facility made available by a syndicate of banks and is issued for various terms up to 90 days.

Interest rates for all bank loans are floating based on the bank bill rate plus a margin. Medium term notes – fixed rate NZ$ mature April 2007 and are shown at the value of proceeds received after deducting the discount on issue and adjusted for the amount of discount amortised. Medium term notes – fixed rate A$ mature April 2008 and April 2011.

The weighted average interest rate is 5.68% (2001: 5.3%).

VUW Te Waharoa — NZ Gazette 2003, No 54

Gazette.govt.nz — NZ Gazette 2003, No 54

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 UnitedNetworks Limited Gas Information Disclosure (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated14 May 2003
KeywordsFinancial Statements, Intangibles, Amortisation, Borrowings, Bank Loans, Commercial Paper, Medium Term Notes, Interest Rates

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index