New Zealand Gazette – 2007 – No. 129

Page 3337

✨ Financial Statements



27 NOVEMBER 2007
NEW ZEALAND GAZETTE, No. 129
3337

  1. Share Capital

Authorised capital:

Distribution - 5,264,435 Ordinary shares of $1 each fully paid up
Retail - 199,835 Ordinary shares of $1 each fully paid up

  1. Credit Line Facility

Westpac Banking Corporation Multi Option Credit Line Facility
WDCHL
WDC

Distribution 2007 $ 2006 $ Retail 2007 $ 2006 $
- 4,137,209 - 1,993,074
5,854,884 - 951,639 -
995,754 - 161,847 -
6,850,638 4,137,209 1,113,486 1,993,074

2006-2007 Westpac
Term: The loan matured in January 2007.
Security: First ranking debenture provided for fixed and floating charges over all assets
Average interest rate over year: 8.00% (2006: 7.87%).

The Company had a multi option credit line facility of $8,700,000 which was not fully drawn down.

The Company had a bank overdraft facility of $250,000 in 2006.

2007 - WDCHL
Term: The loan matures upon demand being made in writing by the Lender.
Security: First ranking debenture providing for fixed and floating charges over all assets
Interest rate over year: 8%

The Company has a flexible credit line facility.

2007 - WDC
Term: The loan matures upon demand being made in writing by the Lender.
Security: First ranking debenture providing for fixed and floating charges over all assets
Interest rate range over year: 8% to 8.75%.

The Company has a flexible credit line facility.

  1. Finance Lease Liabilities

Not later than one year
Later than one year and not later than two years
Later than two year and not later than five years
Later than five years

Distribution 2007 $ 2006 $ Retail 2007 $ 2006 $
4,373 10,179 4,739 10,712
3,430 4,423 3,717 4,657
4,573 8,095 4,957 8,521
- - - -
12,376 22,697 13,413 23,890

Future finance charges
Recognised as a liability

Distribution 2007 $ 2006 $ Retail 2007 $ 2006 $
2,577 4,367 2,793 4,597
9,799 18,330 10,620 19,293

Representing lease liabilities
Current
Non-current

Distribution 2007 $ 2006 $ Retail 2007 $ 2006 $
3,485 8,418 3,777 8,860
6,314 9,912 6,843 10,433
9,799 18,330 10,620 19,293


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 129


Gazette.govt.nz — PDF NZ Gazette 2007, No 129




✨ LLM interpretation of page content

🏭 Wanganui Gas Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Share capital, credit line facility, finance lease liabilities, financial charges, loan terms, security, interest rates