Endeavour Energy Annual Performance Report - Parliament of New ...

8 Cash Flow Information continued
(c) Financing Facilities
2011
$’000
2010
$’000
Total facilities available
The Corporation has access to the following lines of credit:
Bank overdraft 2,000 2,000
T-Corp short term accommodation 100,000 150,000
T-Corp loans 3,166,000 2,866,000
Inscribed stock 265 1,407
Total facilities available 3,268,265 3,019,407
Facilities utilised at reporting date*
Bank overdraft – –
T-Corp short term accommodation 19,250 –
T-Corp loans 2,597,969 2,412,891
Inscribed stock 265 1,407
Total facilities utilised at reporting date 2,617,484 2,414,298
Facilities unused at reporting date
Bank overdraft 2,000 2,000
T-Corp short term accommodation 80,750 150,000
T-Corp loans 568,031 453,109
Inscribed stock – –
Total facilities unused at reporting date 650,781 605,109
* Facilities utilised at reporting date reflect actual balances and do not account for unpresented cheques.
T-Corp short term accommodation
Endeavour Energy has approval from the Public Authorities (Financial Arrangements) Act 1987 (“PAFA Act”) to obtain
a $100m (2010: $150m) short term accommodation (Come-and-Go facility) from NSW Treasury Corporation (T-Corp).
T-Corp loans
Endeavour Energy has approval from the PAFA Act to obtain $3,166m (2010: $2,866m) loan funding from T-Corp.
The loans are secured by a guarantee from the NSW Government and a government guarantee fee is payable by
Endeavour Energy to NSW Treasury. The guarantee fee payable is calculated in accordance with NSW Treasury
Accounting Policy TPP10-4 Government Guarantee Fee Policy for Government Businesses.
The loan amounts in current liabilities include the portion of the Corporation’s T-Corp loans payable within one year of
$399.5m (2010: $461.4m). Non-current T-Corp loans payable on or before 15 April 2039 total $2,217.9m (2010: $1,952.9m),
with maturity dates ranging between one and twenty eight years from reporting date. All T-Corp debt is fully payable
on maturity with the majority being fixed rate loans.
Bank overdraft
Endeavour Energy has an approved overdraft limit facility of $2.0m. The total bank overdraft of the Corporation
is unsecured. The bank overdraft is payable on demand and subject to annual review.
Endeavour Energy Annual Performance Report 2010–11
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