✨ Financial Statements
29 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 159 4011
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
13. Other non current financial assets
| | LINES BUSINESS |
|---------------------------|---------------|---------------|
| | 2010 | 2009 |
| | $000 | $000 |
Other financial assets
Fonterra shares | 3,944 | 3,609 |
Derivatives in gain
Cross currency interest rate swaps | 107,129 | 119,923 |
Total non current financial assets | 111,073 | 123,532 |
Financial Instrument Categorisation
Refer to Note 10 Financial Instrument Categorisation for the category of the above instruments.
Fonterra Shares
Refer to Note 10 Financial Instrument Categorisation for background information on why the Lines Business holds these shares.
Derivatives in Gain
Derivatives are used to manage financial risk, refer to Note 24 Financial Instruments for further information. The gain on derivatives represents the unrealised gain at balance date. The Transpower Lines Business anticipates that the derivatives will be held until maturity, and it is unlikely that settlement at the reported fair values will occur. Refer Note 17 Other Financial Liabilities for derivatives that are in loss.
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NZ Gazette 2010, No 159
✨ LLM interpretation of page content
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Transpower New Zealand Limited Financial Statements
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🏭 Trade, Customs & Industry19 November 2010
Financial statements, Financial instruments, Fair value, Hedge accounting, Bonds, Derivatives