New Zealand Gazette – 1995 – No. 100

Page 3148

✨ Financial Statements



3148 NEW ZEALAND GAZETTE No. 100

CITIPOWER LIMITED

NOTES (continued)

Line Business 31-Mar-95 $(000) Energy Business 31-Mar-95 $(000) Total 31-Mar-95 $(000)
DEFERRED TAXATION BENEFIT
Deferred Income Tax 1 April 1994 60 40 100
Transferred to Statement of Financial Performance 90 62 152
Deferred Income Tax 31 March 1995 150 102 252

12. MISCELLANEOUS INCOME

Line Business 31-Mar-95 $(000) Energy Business 31-Mar-95 $(000) Total 31-Mar-95 $(000)
Appliance Trading 0 31 31
Other 248 (59) 189
248 (28) 220

Disclosure of methodologies for allocation of costs, revenues, assets and liabilities pursuant to Regulation 19 of the Electricity (Information Disclosure) Regulations 1994.

In allocating costs, revenues, assets and liabilities, Citipower Limited has followed the approach in the Electricity Disclosure Guidelines issued by the Ministry of Commerce with the following exceptions:

Cost Centre Expenses Allocated Allocation Basis
Finance All expenses incurred by Finance and Accounting including personnel, operating and management costs. Time spent by finance personnel taking into account task complexity.
Information Technology All expenses incurred by IT including personnel, operating and management costs. Personnel costs taking into account the number of PCs, systems supported and projects undertaken.
Corporate Services All expenses incurred by Corporate Services including personnel, operating and management costs. Time spent by Corporate Services personnel.
Billing All expenses incurred by Billing including personnel, operating and management costs. Revenue
Meter Reading All expenses incurred by Meter Reading including personnel, operating & management costs. Revenue
Promotions All expenses incurred on Advertising and Promotion including personnel, operating and management costs. Time spent and promotion activities undertaken.
Line Losses Electricity utilised within the Citipower Limited distribution system. Line losses have been included as part of Line Business costs.


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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for the 12 months ended 31 March 1995 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Deferred Taxation, Miscellaneous Income, Cost Allocation, Citipower Limited