New Zealand Gazette – 2006 – No. 145

Page 4168

✨ Financial Statements



4168

NEW ZEALAND GAZETTE, No. 145

21 NOVEMBER 2006

Note 4. Sundry Debtors

Line Charge & Sundry Debtors

2006 $000's 2005 $000's
1,817 1,740
1,817 1,740

Note 5. Fixed Assets

At Cost:

Cost/Valuation $000's Accumulated Depreciation $000's Book Value 2006 $000's Book Value 2005 $000's
Distribution System 17,620 186 17,434
Land and Buildings 1,537 6 1,531
Other 736 202 534
19,893 394 19,499

At Valuation:

| Distribution System | 58,911 | 3,734 | 55,177 | 57,340 |
| Land and Buildings | 1,599 | 59 | 1,540 | 1,622 |
| Total | 80,403 | 4,187 | 76,216 | 67,823 |

The fair value of land and buildings is equilivant to the net book value as at 31 March 2006.
Carrying value is considered an accurate reflection of fair value.

Note 6. Borrowings

Term Liabilities - Repayable 1-2 years 2006 $000's 2005 $000's
- Repayable 2-5 years 11,072 4,250
- Repayable later than 5 years 402 402
0 0
11,474 4,652

Loans are secured as follows:

Short Term Advance Facility $15,000,000 *

Various (No Security)

11,072 4,250
402 402
11,474 4,652
  • The National Bank Short Term Advance facility is due to roll over for one year on 31 July 2006. The roll over of this facility is at the discretion of the bank. The Company expects that this loan will be rolled over for at least another year.

The interest rates payable on these loans are:

Floating Rate - based on 90 day bill rate

Fixed Rates 7.14% - 10.5%



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 145


Gazette.govt.nz — PDF NZ Gazette 2006, No 145




✨ LLM interpretation of page content

💰 Westpower Limited Statement of Cash Flows (continued from previous page)

💰 Finance & Revenue
Cash Flows, Operating Activities, Investing Activities, Financing Activities, Westpower Limited