New Zealand Gazette – 1995 – No. 101

Page 3268

✨ Financial Allocation Details



3268 NEW ZEALAND GAZETTE No. 101

costs were allocated to the other business. All costs that would be incurred if Tasman Energy was a distribution business only have been allocated to the line business.

Contracting division external sales and cost of sales have been allocated 100% to the other business.

The following costs, revenues, assets and liabilities have been allocated 100% to the line business:

  • customer services division costs (including the cost of meter reading, bill preparation and answering customer queries)
  • interest income
  • creditor for contracting business assets
  • sales discount expense
  • sales discount voucher provision
  • bank and cash and investments

The capital of Tasman Energy parent has been allocated to the line business with the exception of a notional equity figure which has been allocated to the energy trading activity included in other.

For the period 1 April 1994 to 31 March 1995 dissection of revenue between energy and national transmission has been calculated to reflect the actual purchase split established by the state owned monopolies who made a major structural change to their previously announced revenue split. Tasman Energy had already announced its twelve month forward tariffs based on the previously announced split and as there was still doubt about the state owned monopolies revenue split, decided not to amend its invoiced tariffs until the April 1995 changes when assurances were to hand from ECNZ and Trans Power that their respective revenue shares were resolved. In order to match purchases to sales to obtain meaningful disclosure the above adjustment was made, totalling a $1.504 million shift of revenue from line to other business.



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✨ LLM interpretation of page content

💰 Methodology for Allocation of Costs, Revenues, Assets and Liabilities (continued from previous page)

💰 Finance & Revenue
Cost Allocation, Revenue Allocation, Asset Allocation, Liability Allocation, Electricity Disclosure Guidelines, Tasman Energy Limited