β¨ Financial Statements
TOP ENERGY LIMITED-LINE BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2006
| | LINE BUSINESS |
| --- | ---: | ---: |
| | 2006 | 2005 |
| | $ | $ |
8 BORROWINGS
| | Interest | | |
| | Rate % | Repayable | Fair Value |
| --- | ---: | --- | ---: |
| BNZ Loans * | | | |
| Borrowings 20.03.06 | 7.53 | 20.04.06 | 1,333,567 | 1,200,000 |
| Borrowings 27.03.06 | 7.54 | 20.04.06 | 333,381 | 300,000 |
| Borrowings 30.03.06 | 7.54 | 20.04.06 | 95,252 | 85,714 |
| Borrowings 31.03.06 | 7.55 | 20.04.06 | 95,265 | 85,714 |
| Borrowing 18.12.03 | 6.85 | 09.08.10 | 2,412,196 | 2,142,857 |
| Borrowing 18.12.03 | 6.35 | 21.03.14 | 1,422,058 | 1,285,714 |
| Borrowing 18.12.03 | 6.80 | 04.02.15 | 1,951,722 | 1,714,286 |
| Borrowings 30.09.05 | 6.81* | 07.08.12 | 2,424,952 | 2,142,857 |
| BNZ loans | | | 9,900,000 | 9,900,000 |
| Less current portion | | | 1,671,429 | 2,215,068 |
BORROWINGS
| 2006 | 2005 | |
|---|---|---|
| 7,285,714 | 7,684,932 |
Repayable as follows:
- Due after 1 but before 2 years |
- Due after 2 but before 5 years | 7,285,714 | 7,684,932 |
- Due after 5 but before 10 years |
- 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 2006, No 142
Gazette.govt.nz —
NZ Gazette 2006, No 142
β¨ LLM interpretation of page content
π
Top Energy Limited Notes to the Financial Statements
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Borrowings, Interest Rates, Repayable Dates, Fair Value, BNZ Loans