New Zealand Gazette – 1995 – No. 101

Page 3232

✨ Financial Statements Notes



3232 NEW ZEALAND GAZETTE No. 101

HOROWHENUA ENERGY LIMITED (LINE BUSINESS) - Annual Report 1995

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1995

  1. Statement of Accounting Policies

ACCOUNTING ENTITY

The Financial Statements are those of the Line Business of Horowhenua Energy Limited. Information in respect of Linework Limited is included in the financial statements to the extent required by Regulation 6(5) of the Electricity (Information Disclosure) Regulations 1994. Horowhenua Energy Limited and Linework Limited are in a “Prescribed Business Relationship” as defined by Regulation 3(1)(a)(iii) of the Electricity (Information Disclosure) Regulations 1994.

The period reported is 1 April 1995 to 31 March 1995.

These Financial Statements are prepared in accordance with Regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations 1995. The Financial Statements have not been prepared for the purpose of the Financial Reporting Act 1993, or the Energy Companies Act 1992.

PRINCIPAL ACTIVITIES

The Line Business operates a line business activity, as defined by the regulation 2 of the Electricity (Information Disclosure) Regulations 1994, in and around the Horowhenua and Kapiti Coast area.

ACCOUNTING CONVENTION

The Financial Statements are based on the general principles of historical cost accounting, including the going concern concept and the accrual basis of accounting. These policies have been followed on a consistent basis.

METHODOLOGY OF SEPARATION OF BUSINESS

Horowhenua Energy Limited has generally followed the Electricity Disclosure Guidelines as issued by the Ministry of Commerce dated 23 June 1994 with the exceptions noted below.

The Guidelines were issued by the Energy Policy Group of the Ministry of Commerce as guidance to assist Electricity Companies to comply with the Electricity (Information Disclosure) Regulations 1994.

Exceptions to the guidelines are noted in the Allocation Methodologies Disclosure which will be publicly disclosed.

MEASUREMENT BASE

The accounting principles recognised as appropriate for the measurement and reporting of earnings and financial position on a historical cost basis are followed by the company.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1995, No 101


NZLII — PDF NZ Gazette 1995, No 101




✨ LLM interpretation of page content

🏭 Audit Certification of Horowhenua Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
1 August 1995
Audit, Financial Statements, Electricity, Horowhenua Energy Limited

🏭 Notes to and Forming Part of the Financial Statements for Horowhenua Energy Limited

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Electricity, Horowhenua Energy Limited