Territory Stories

Annual Report 2021–2022, Power and Water Corporation

Details:

Title

Annual Report 2021–2022, Power and Water Corporation

Other title

Tabled Paper 708

Collection

Tabled Papers for 14th Assembly 2020 -; Tabled Papers; ParliamentNT

Date

2022-11-23

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Legislative Assembly of the Northern Territory

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

Legislative Assembly of the Northern Territory

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/893266

Citation address

https://hdl.handle.net/10070/893267

Page content

Annual Report 2021-2022 107 Page 56 of 60 Power and Water Corporation Notes to the financial statements for the year ended 30 June 2022 27 Financial instruments Fair values Level 2 Fair value as at 30 June 2022 Level 2 Fair value as at 30 June 2021 Consolidated entity $'000 $'000 $'000 $'000 Financial Liabilities Borrowings 1,120,848 1,120,848 1,171,000 1,171,000 The fair value of borrowings has been calculated by discounting the expected future cash flows at prevailing interest rates. Liquidity risk management The following table sets out the carrying amount, by maturity, of the financial instruments for the consolidated entity: Consolidated Weighted average interest rate % Floating interest rate $'000 Fixed interest rate $'000 Non-interest bearing $'000 1 year or less $'000 1 to 5 years $'000 more than 5 years $'000 Total $'000 2022 Financial Assets Cash assets 0.19% 147,312 - - 147,312 - - 147,312 Receivables - - 127,657 113,678 13,979 - 127,657 Investments - - 3 - - 3 3 147,312 - 127,660 260,990 13,979 3 274,972 Financial Liabilities Payables - - 68,746 68,746 - - 68,746 Government loans 3.95% - 1,221,468 - 254,689 966,779 - 1,221,468 Lease liability 2.70% - 462,004 - 35,647 137,499 288,858 462,004 - 1,683,472 68,746 359,082 1,104,278 288,858 1,752,218 2021 Financial Assets Cash assets 0.17% 148,667 - - 148,667 - - 148,667 Receivables - - 123,108 106,996 16,112 - 123,108 Investments - - 3 - - 3 3 148,667 - 123,111 255,663 16,112 3 271,778 Financial Liabilities Payables - - 58,448 58,448 - - 58,448 Government loans 3.83% - 1,201,342 - 217,010 984,332 - 1,201,342 Lease liability 2.79% - 412,034 - 27,467 113,191 271,376 412,034 - 1,613,376 58,448 302,925 1,097,523 271,376 1,671,824 Net fair values of financial assets and liabilities approximate carrying values except for government loans, which have a fair value of $1,120.8 million (2021: $1,171.0 million). Fixed and floating interest maturing in: