β¨ 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
- 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 —
NZ Gazette 2004, No 171
Gazette.govt.nz —
NZ Gazette 2004, No 171
β¨ LLM interpretation of page content
π
Financial Performance of Transpower New Zealand Limited Lines Business
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Financial Instruments, Credit Risk, Derivative Products, Risk Management