Summary Financial Information
Balance Sheet FAQ
Frequently Asked Questions
What is Infratil's capital structure? (updated December 2007)
Source/Form Value 000 Net bank debt $203,000 Non recourse debt $140,000 Bonds maturing 2010-2011 $132,768 Bonds maturing 2012-2013 $142,762 Bonds maturing 2014-2020 $233,333 Perpetual Bonds $240,000 Market value of equity $1,533, 668 Total $2,625,628 Debt funding comprised $749 million of Bonds, $300 million of bank lines drawn to $425 million with $167 million on deposit, and $140 million of non recourse bank funding undertaken by a wholly owned subsidiary.
Infratil's equity securities comprise:Shares: 442,983,915 Partly paid shares 88,008,061 $1.62 Warrants 86,349,796 $4.12 Warrants 52,923,248
Based on market values, Infratil's leverage is 42%. If the remaining $88 million due on partly paid shares is included leverage falls to 39%.What is Infratil's foreign exchange exposure? (updated September 2007)
Infratil's offshore investments are funded from New Zealand meaining that fluctuations in the value of the NZ$ against the currencies of Australia, USA, UK and Germany will change the NZ$ value of the holdings. The Investment portfolio comprises:
$000 NZ$ value
Offshore
TrustPower 1,353,330 Infratil Energy Australia Group 197,222 A$169,000 Energy Developments 147,730 A$126,590 Wellington Airport 239,140 Infratil Airports Europe 294,239 £109,545 NZ Bus 265,299 Other 141,687 US$20,000 £11,000 Assets 2,638,647 NZ$687,000 *Only a part of "Other" is invested offshore.
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