✨ Financial Statements
NEW ZEALAND GAZETTE, No. 140
23 NOVEMBER 2012
TRANSPOWER NEW ZEALAND LIMITED - KEST REVENUE decision 2011
| Call borrowing | Frequency | Issuing Company | Rate and Maturity Date | National Instrument and/or security measure value | Descriptive features | Interest rate | Coupon per annum | Amounts payable at redemption | Total face value of instruments issued | Average term (years) |
|---|---|---|---|---|---|---|---|---|---|---|
| ECP | TPFL | 15-Sep-11 | NZD | AUD | 4.31% | 100.0 | 34.6 | 76.0 | ||
| TTPL | 15-Sep-11 | USD | USD | 3.83% | 30.0 | 84.3 | 40.0 | |||
| Bonds | Semi-Annual | TPFL | 5-Feb-12 | NZD | USD | 6.0% | 180.0 | 169.6 | 50.0 | |
| TPFL | 5-Feb-12 | AUD | AUD | 5.74% | 100.0 | 35.2 | 30.0 | |||
| TTPL | 5-Oct-12 | USD | USD | 3.14% | 50.0 | 137.0 | 150.0 | |||
| TPFL | 15-Mar-20 | NZD | USD | 6.00% | 150.0 | 159.0 | 150.0 | |||
| Term deposits | Entity | 2-Aug-10 | NZD (19,000) | - | 4.57% | - | 19.0 | - | ||
| CAD EMTN | 17-May-10 | CAD (35,000) | CAD | 4.50% | - | 39.8 | - | |||
| JPY EMTN | 28-May-12 | JPY (3,000,000) | JPY | 1.37% | - | 48.7 | - | |||
| CHF EMTN | 23-Jun-10 | CHF (30,000) | CHF | 3.40% | - | 39.0 | - | |||
| USD USPP | 27-Sep-18 | USD (30,000) | USD | 6.57% | - | 31.8 | - |
Financial derivative instruments:
| Issuing Company | Counterparty | National Instrument and/or security measure value | Descriptive features | Notional Amount | Start Date | End Date | Years to Maturity | Fixed Rate Payer | Receiving Rate | Average Life (years) | Cost for Value (NZD 000s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TPFL | NZD | Interest Rate Swap | 75.0 | 1-Jun-11 | 1-Jun-21 | 10.0 | 4.3% | 3M BKBM | 7.9 | 189.5 | |
| AUD | Cross Currency Swap | 40.0 | 15-Sep-11 | 15-Sep-16 | 5.0 | 5.8% | BBSW + 212 bp | 3.8 | 84.3 | ||
| USD | Cross Currency Swap | 50.0 | 15-Sep-11 | 15-Sep-16 | 5.0 | 5.0% | USD Libor + 196 bp | 3.8 | 84.3 | ||
| NZD | Interest Rate Swap | 25.0 | 5-Feb-12 | 5-Feb-22 | 10.0 | 6.0% | 3M BKBM | 9.4 | 48.9 | ||
| AUD | Cross Currency Swap | 30.0 | 5-Feb-12 | 5-Feb-17 | 5.0 | 6.0% | BBSW + 205 bp | 3.8 | 59.6 | ||
| USD | Cross Currency Swap | 10.0 | 5-Oct-12 | 5-Oct-17 | 5.0 | 3.1% | USD Libor + 170 bp | 3.6 | 10.5 | ||
| NZD | Interest Rate Swap | 150.0 | 15-Mar-10 | 15-Mar-20 | 10.0 | 6.0% | 3M BKBM | 6.5 | 393.1 |
Notes:
- This table excludes non-derivative financial instruments.
- Market values represent fair value measurements for financial reporting purposes under NZ IFRS 13.
- Data includes off-market derivatives.
- The term “years to maturity” refers to the length of time until the principal amount is due.
- Notional values of interest rate swaps are stated in nominal amounts.
Financial Instruments Analysis:
- Net Cash Outflows: Without rollovers, net cash outflows over the next five years.
- Five to Ten Years: Cash flows include principal and interest payments.
- Greater than Ten Years: Cash flows expected beyond ten years.
| Years to Maturity | Swaps | Bonds/Notes | Total |
|---|---|---|---|
| 0 to 1 | 15.1 | 24.1 | 39.2 |
| 1 to 2 | 13.4 | 39.3 | 52.7 |
| 2 to 3 | 15.4 | 35.8 | 51.2 |
| 3 to 4 | 18.0 | 38.5 | 56.5 |
| 4 to 5 | 23.1 | 47.7 | 70.8 |
| 5 to 6 | 15.7 | 30.7 | 46.4 |
| 6 to 7 | 1.9 | 43.6 | 45.5 |
| 7 to 8 | 0.0 | 76.9 | 76.9 |
| 8 to 9 | 0.1 | 81.0 | 81.1 |
| 9 to 10 | 0.1 | 124.3 | 124.4 |
| >10 | 26.2 | 412.9 | 439.1 |
| Total | 139.0 | 954.8 | 1,093.8 |
Additional Information:
- Weighted Average Life: 8.3 years
- Nominal Value of Financial Derivative Instruments: NZ$ million
- Total Financial Liabilities: NZ$ million
Graphical Representation:
(Graphical bar chart representations of the above-mentioned tabulated data showing years to maturity vs. nominal amounts in NZ$ million are included in the Gazette.)
The New Zealand Gazette
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