New Zealand Gazette – 2005 – No. 121

Page 2924

✨ Financial Statements

2924 NEW ZEALAND GAZETTE, No. 121 10 AUGUST 2005

6. ASSET REVALUATION RESERVE

	2005
	$000
BALANCE AT BEGINNING OF YEAR	52,356
Revaluation	-



BALANCE AT END OF YEAR	52,356

7. ACCOUNTS RECEIVABLE

	2005
	$000
Trade Debtors	2,647
Prepayments	357
Other Debtors	-
Tax Refund Due	-





	3,004

8. BORROWINGS

	2005
	$000
NON-CURRENT
Multi-Option Credit Facility


	2,975

None of the borrowings are secured over the assets of the Company, although a negative pledge agreement exists. The Multi-Option Credit Facility is a five-year revolving credit facility for $19.0 million expiring in December 2007. The facility reduces by $2.0 million per annum.

The weighted average interest rate on external borrowings was 6.4% (2004 5.4%). There was no loan provided by the Other Business during 2005 and therefore no interest has been charged (2004 6.0%).

VUW Te Waharoa — NZ Gazette 2005, No 121

Gazette.govt.nz — NZ Gazette 2005, No 121

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

💰 Counties Power Limited Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Asset Revaluation, Accounts Receivable, Borrowings, Tax Refund, Credit Facility, Interest Rates

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