✨ 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 —
NZ Gazette 2004, No 173
Gazette.govt.nz —
NZ Gazette 2004, No 173
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Notes to the Special Purpose Financial Statements for Top Energy Limited
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