✨ 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 PDF NZ Gazette 2008, No 50


Gazette.govt.nz PDF NZ Gazette 2008, No 50





✨ LLM interpretation of page content

🏭 Notes to Financial Statements of Top Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Borrowings, Interest rates, Repayable amounts, Fair value, Line business, BNZ loans