New Zealand Gazette – 2005 – No. 27

Page 655

✨ Financial Statements

25 JANUARY 2005
NEW ZEALAND GAZETTE, No. 27
655

Vector Limited
Electricity Lines Business

Notes to the Financial Statements
For the year ended 31 March 2004

26. AMALGAMATION

On 1 July 2003 UnitedNetworks Limited and Caduceus No.1 Limited were amalgamated into Vector Limited, of which the electricity lines business is the predominant activity. No adjustments are required to these financial statements in respect of this event.

27. EVENTS AFTER BALANCE DATE

On 20 July 2004, Vector Limited, of which the electricity lines business is the predominant activity, raised US$275.0 million (NZ$418.0 million) from the issue of 8, 12 and 15 year senior, unsubordinated notes in a private placement to US institutional investors. The placement was part of the larger program designed to refinance the acquisition debt facility put in place in September 2002 to fund the acquisition of UnitedNetworks Limited.

On 14 December 2004 Vector Limited, of which the electricity lines business is the predominant activity, purchased The Australian Gas Light Company's (AGL) 66.05% stake in Natural Gas Holdings (NGC) for NZ$2.91 per share.

No adjustments are required to these financial statements in respect of these events.

VUW Te Waharoa — NZ Gazette 2005, No 27

Gazette.govt.nz — NZ Gazette 2005, No 27

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Vector Limited

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Amalgamation, Events After Balance Date, Vector Limited, UnitedNetworks Limited, Caduceus No.1 Limited, Natural Gas Holdings, AGL

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