Financial Statements




22 DECEMBER 2004

NEW ZEALAND GAZETTE, No. 173

4339

TOP ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31 MARCH 2004

| | | | | LINE BUSINESS |
| :--- | :--- | :--- | :--- | :---: | :---: |
| | | | | $ |
| | Interest | | | 2004 | 2003 |
| 8 TERM LIABILITIES | Rate % | Repayable | Fair Value | | |
| | | | | | |
| BNZ Loans ** | | | | | |
| Borrowing 17.03.04 | 5.70 | 15.06.04 | 1,112,080 | 1,111,765 | |
| Borrowing 26.03.04 | 5.60 | 20.04.04 | 288,235 | 288,235 | |
| Borrowing 18.12.03 | 6.85* | 09.08.10 | 2,220,216 | 2,058,824 | |
| Borrowing 18.12.03 | 6.35* | 21.03.11 | 1,299,030 | 1,235,294 | |
| Borrowing 18.12.03 | 6.76* | 04.05.12 | 1,804,588 | 1,647,059 | |
| Borrowing 18.12.03 | 6.81* | 07.08.12 | 2,264,056 | 2,058,823 | |
| Westpac loans | | | | | 9,000,000 |
| | | | | —————— | —————— |
| | | | | 8,400,000 | 9,000,000 |
| Less current portion | | | | 1,400,000 | 1,714,286 |
| | | | | —————— | —————— |
| Term liabilities | | | | 7,000,000 | 7,285,714 |
| | | | | —————— | —————— |
| | | | | | |
| Repayable as follows: | | | | | |
| Due after 1 but before 2 years | | | | | |
| Due after 2 but before 5 years | | | | | 4,285,714 |
| Due after 5 but before 10 years | | | | 7,000,000 | 3,000,000 |
| | | | | —————— | —————— |
| | | | | 7,000,000 | 7,285,714 |
| | | | | —————— | —————— |

* Effective interest rate under interest rate swap agreements

** Under a Facility Agreement dated 17 December 2003.

BNZ 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 2004, No 173


Gazette.govt.nz PDF NZ Gazette 2004, No 173





✨ LLM interpretation of page content

🏭 Notes to the Special Purpose Financial Statements for Top Energy Limited (continued from previous page)

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