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Note 23: Events after the balance sheet date

Te Motu Regional Economic Development Trust: Model financial statements 2008/09.

Events after the balance sheet date

NZ IAS 1.67(a) Subsequent to balance date, the Trust refinanced $5,000 of the current portion of the loan from Te Motu Regional Council. The loan was refinanced for a five-year period. The new loans were at fixed rates of interest of 7.5%.
NZ IAS 10.19,21 There were no other significant events after the balance sheet date.
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