87
waikato-tainui
annual report 2014
22 . t r a d e a nd o t h e r paya b l e s (non - c u r r en t )
Consolidated
Parent
2014
2013
2014
2013
$'000
$'000
$'000
$'000
Income received in advance
452
1,131
-
-
452
1,131
-
-
23 . i n t e r e s t b e a r i ng l i a b i l i t e s
Consolidated
Parent
2014
2013
2014
2013
$'000
$'000
$'000
$'000
Secured
Bank loans
124
30,336
-
-
Housing Corporation of New Zealand
-
6
-
6
Total current interest bearing borrowings
124
30,342
-
6
Bank loans
225,130
156,335
-
-
Housing Corporation of New Zealand
-
6
-
6
Total non‑current interest bearing liabilities
225,130
156,341
-
6
Total interest bearing liabilities
225,254
186,683
-
12
Total interest bearing liabilities for the Group is net of prepaid borrowing costs of $0.3m (2013: $0.5m).
Tainui Group Holdings Limited holds a multi-option credit line facility agreement with Westpac New Zealand Limited for $50.0m
(2013: $50.0m) which matures on 31 March 2019. Borrowings of $40.9m of the available facility had been drawn at balance date
(2013: $30.4m).
Tainui Group Holdings Limited holds a multi-option credit line facility agreement with Westpac New Zealand Limited for $25.0m
(2013: $25.0m) which matures on 16 June 2015. No borrowings had been drawn at balance date (2013: nil).
Tainui Group Holdings Limited holds a Wholesale Term Loan Facility with Westpac New Zealand Limited for $50.0m (2013:
$50.0m) which matures on 27 July 2015. Borrowings of $50.0m had been drawn at balance date (2013: $50.0m).
Tainui Group Holdings Limited holds a Committed Cash Advances Facility Tranche A Agreement with the Bank of New Zealand
for $75.0m (2013: $75.0m) which matures on 31 July 2016. Borrowings of $58.9m of this facility had been drawn at balance
date (2013: $48.3m).
Tainui Group Holdings Limited holds a Committed Cash Advances Facility Tranche B Agreement with the Bank of New Zealand
for $50.0m (2013: $50.0m) which matures on 30 November 2017. Borrowings of $32.1m of the available facility had been drawn
at balance date (2013: $32.1m).
Tainui Auckland Airport Hotel holds a Committed Cash Advance Facility with ASB Bank Limited for $32.5m (2013: $32.5m) which
matures 31 March 2019. Borrowings of $22.9m of the available facility had been drawn at balance date (2013: $26.4m).
The ASB Bank has a first and exclusive security agreement over the assets and undertakings of Tainui Auckland Airport Hotel LP
and Tainui Auckland Airport Hotel GP Limited.
Hamilton Riverview Hotel Limited holds a term loan with the Bank of New Zealand for $10.0m which matures on 31 March
2018. Borrowings of $7.0m of the available facility had been drawn at balance date. The Bank of New Zealand holds a first and
preferential security interest over all property owned by Hamilton Riverview Hotel Limited. In 2013 Hamilton Riverview Hotel
Limited was an associate investment, and as a result the term loans were not reported within the Group.
