✨ Financial Statements




4282

NEW ZEALAND GAZETTE, No. 171

22 DECEMBER 2004

TRANSPower NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2004

  1. FINANCIAL INSTRUMENTS continued

Carrying value/fair value

LINES BUSINESS

On Balance Sheet

Cash at bank 722 722 (752) (752)

Short term investments 10 10 510 510

Debt (1,074,404) (1,082,413) (1,129,737) (1,178,551)

Off Balance Sheet

Cross currency interest rate swaps 600 (82) 378 8,430

Interest rate swaps (223) (223) 951 (23,355)

Forward rate agreements 457 (8,070) - 58

Interest rate options - - - -

(f) Interest rate re-pricing analysis

The following table covers Transpower's total debt portfolio, including the effect of off balance
sheet financial instruments when interest rates will be repriced and the current weighted
average interest rate of each maturity. Transpower will transact further interest rate hedging in
advance of the repricing date to fix interest rates on the Company debt portfolio within the
policy parameters adopted by the Board.

Trade receivables/creditors, other receivables and other liabilities have not been included in the table
below as they are not interest rate sensitive.

Forward rate agreements are also excluded from the re-pricing analysis as these contracts mature
within one year. For the purpose of re-pricing, debt denominated in foreign currencies is stated after
applying cross currency interest rate swaps.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2004, No 171


Gazette.govt.nz PDF NZ Gazette 2004, No 171





✨ LLM interpretation of page content

🏭 Financial Performance of Transpower New Zealand Limited Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Financial Instruments, Credit Risk, Derivative Products, Risk Management