✨ Financial Instruments and Risks for Transpower Lines Business
4896 NEW ZEALAND GAZETTE, No. 186 28 NOVEMBER 2008
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
LINES BUSINESS 2007
| Effective interest rate | Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 | Total $000 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash | 6.90% | 4,682 | - | - | - | 4,682 |
| Short term investments | 7.37% | - | - | - | - | - |
| Long term investments | 6.32% | 526,297 | - | - | - | 526,297 |
| 530,979 | - | - | - | 530,979 | ||
| Liabilities | ||||||
| Debt | 7.29% | (758,595) | (167,063) | (350,691) | (314,474) | (1,590,823) |
| Derivatives | ||||||
| Interest rate swaps | 2,223,500 | 158,000 | (37,000) | (2,444,500) | (100,000) | |
| Interest rate options | - | - | - | 100,000 | 100,000 | |
| 2,223,500 | 158,000 | (37,000) | (2,344,500) | - |
Repricing Profile
| Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 | Total $000 | |
|---|---|---|---|---|---|
| 1,995,884 | (9,063) | (387,691) | (2,658,974) | (1,059,844) |
The interest rate on debt as amended by interest rate swaps is 6.53%.
LINES BUSINESS 2007
| Non derivative financial liabilities | Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 |
|---|---|---|---|---|
| Borrowings (Principal) | (765,024) | (126,497) | (306,091) | (279,963) |
| Interest payments on borrowings | (35,806) | (36,206) | (87,415) | (133,535) |
| Derivative financial liabilities | Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 |
|---|---|---|---|---|
| Derivative contracts - receipts | 99,314 | 226,126 | 617,814 | 702,912 |
| Derivative contracts - payments | (121,668) | (286,928) | (657,552) | (699,102) |
| (823,184) | (223,505) | (433,244) | (409,688) |
(g) Liquidity Analysis
LINES BUSINESS 2008
| Non derivative financial liabilities | Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 |
|---|---|---|---|---|
| Borrowings (Principal) | (155,693) | - | (330,125) | (677,806) |
| Interest payments on borrowings | (47,030) | (47,025) | (115,008) | (144,371) |
| Derivative financial liabilities | Within one year $000 | One to two years $000 | Two to five years $000 | Greater than five years $000 |
|---|---|---|---|---|
| Derivative contracts - receipts | 306,993 | 189,819 | 779,470 | 1,157,685 |
| Derivative contracts - payments | (349,891) | (183,350) | (810,075) | (1,091,389) |
| (245,621) | (60,556) | (476,738) | (755,881) |
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NZ Gazette 2008, No 186
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Financial Instruments and Risks for Transpower Lines Business
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🏭 Trade, Customs & IndustryFinancial Risks, Interest Rate Risk, Currency Risk, Credit Risk, Liquidity Risk, Financial Instruments