✨ Financial Statements
29 FEBRUARY 2012
NEW ZEALAND GAZETTE, No. 25
709
Notes to and Forming Part of the Financial Statements
For the year ended 30 June 2011
GAS DIVISION
3 BORROWINGS
| 30 June 2011 | 30 June 2010 | |
|---|---|---|
| NZ$000 | NZ$000 | |
| Non-current liabilities: | ||
| Guaranteed bonds (a) | 70,602 | 70,913 |
| US dollar private placement notes (b) | 110,194 | 60,941 |
| Commercial bank debt (c) | 37,284 | 76,035 |
| Total | 218,080 | 207,889 |
| Current liabilities: | | |
| Bank overdraft (note 5) | - | - |
| Guaranteed bonds (a) | 31 | 187 |
| US dollar private placement notes (b) | 693 | 487 |
| Commercial bank debt (c) | 404 | 5,836 |
| Total | 1,428 | 28,097 |
(a) Guaranteed bonds
| 30 June 2011 | 30 June 2010 | |
|---|---|---|
| NZ$000 | NZ$000 | |
| 7 year guaranteed bonds | ||
| Adjustment for the fair value of the interest rate risk | - | 21,240 |
| Deferred funding costs | (368) | |
| 9 year guaranteed bonds | ||
| Adjustment for the fair value of the interest rate risk | 21,016 | 21,240 |
| Deferred funding costs | (1,015) | (992) |
| (140) | (223) | |
| 11 year guaranteed bonds | ||
| Adjustment for the fair value of the interest rate risk | 10,508 | 10,620 |
| Deferred funding costs | (795) | (648) |
| (128) | (153) | |
| 7 year guaranteed bonds | ||
| Deferred funding costs | 27,521 | 27,512 |
| (130) | (259) | |
| 12 year guaranteed bonds | ||
| Deferred funding costs | 10,508 | 10,620 |
| (155) | (182) | |
| Total | 70,861 | 92,461 |
| Accrued interest | 31 | 39 |
| Carrying value of guaranteed bonds | ||
| 70,832 | 92,500 | |
| Current portion | ||
| Non-current portion | 31 | 21,587 |
| 70,802 | 70,913 | |
| Total | 70,832 | 92,500 |
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NZ Gazette 2012, No 25
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Powerco Gas Division Financial Statements
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💰 Finance & RevenueRevenue, Expenditure, Taxation, Financial Statements, Borrowings, Bonds, Debt