Page 68 - NZPM Annual Report 2020

NZPM GROUP LIMITED
Notes to the Consolidated Financial Statements for the year ended 31 March 2020

For co-operative share capital the tables below reflect the Group’s contractual rights to delay repayment, although the holders of
shares may request redemption at any time according to the terms of the shares held.

Total
Contractual maturities Carrying contractual Less than 6 to 12 1 to 2 Over 2
of financial liabilities amount cash flows 6 months months years years
$’000 $’000 $’000 $’000 $’000 $’000
Derivatives
Interest rate swaps 452 369 131 88 91 59

Non-derivatives
Trade and other payables 28,242 28,242 28,242 0 0 0
Borrowings 9,895 10,104 72 55 9,977 0
Co-operative share capital:
Ordinary shares 7,755 7,755 0 0 0 7,755
*New redeemable preference 22,160 22,160 0 0 0 22,160
shares
Other shares 17 17 0 0 0 17
Balance at 31 March 2020 68,521 68,647 28,445 143 10,068 29,991

Total
Contractual maturities Carrying contractual Less than 6 to 12 1 to 2 Over 2
of financial liabilities amount cash flows 6 months months years years
$’000 $’000 $’000 $’000 $’000 $’000
Derivatives
Interest rate swaps 504 459 107 107 165 80
Forward currency contracts 23 23 23 0 0 0

Non-derivatives
Trade and other payables 25,370 25,370 25,370 0 0 0
Borrowings 7,855 8,368 152 152 8,064 0
Co-operative share capital:
Ordinary shares 7,461 7,461 0 0 0 7,461
*New redeemable preference 20,274 20,274 0 0 0 20,274
shares
Other shares 164 164 0 0 0 164
Balance at 31 March 2019 61,651 62,119 25,652 259 8,229 27,979

* While the tables above reflect the Group’s contractual rights to delay repayment, the new redeemable preference shares include
$825,497 (2019: $332,848) of shares that have fixed term dividend rates of 2 - 4 years. The holders of these fixed term shares are not
able to request redemption until the specified term is complete. The holders of all other new redeemable preference shares (on call)
may request redemption on a quarterly basis.

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NZPM GROUP LIMITED ANNUAL REPORT 2020