β¨ Financial Statements
TOP ENERGY LIMITED-LINE BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2007
8 BORROWINGS
| Interest Rate % | Repayable | Fair Value | LINE BUSINESS | ||
|---|---|---|---|---|---|
| 2007 | 2006 | ||||
| BNZ Loans | |||||
| Borrowings 18.12.05 | 6.80%* | 4/02/2015 | 1,173,965 | 1,176,471 | 1,714,286 |
| Borrowings 14.03.07 | 5.68%* | 21/09/2009 | 840,164 | 882,353 | 1,285,714 |
| Borrowings 18.12.03 | 6.85%* | 9/08/2010 | 1,432,160 | 1,470,588 | 2,142,857 |
| Borrowings 18.12.03 | 6.62%* | 8/08/2016 | 1,410,688 | 1,470,588 | 2,142,857 |
| Borrowings 20.03.07 | 7.98%** | 20/04/2007 | 4,500,000 | 4,500,000 | |
| Borrowings 21.03.07 | 8.13%** | 21/06/2007 | 3,000,000 | 1,671,429 |
| | | | | 12,500,000 | 8,957,143 |
| Less current portion | | | | (7,500,000) | (1,671,429) |
| Term Borrowings | | | | 5,000,000 | 7,285,714 |
Repayable as follows:
- Due after 1 but before 2 years | | | | 2,352,941 | |
- Due after 2 but before 5 years | | | | 2,647,059 | 7,285,714 |
- Due after 5 but before 10 years | | | | 5,000,000 | 7,285,714 |
- Effective interest rate under interest rate swap agreements
** Under a Facility Agreement dated 17 December 2003 and as amended by letter dated 26 October. 2005 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 2008, No 50
Gazette.govt.nz —
NZ Gazette 2008, No 50
β¨ LLM interpretation of page content
π
Notes to Financial Statements of Top Energy Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial statements, Borrowings, Interest rates, Repayable amounts, Fair value, Line business, BNZ loans