✨ Financial Statements
2176 NEW ZEALAND GAZETTE No. 80
DUNEDIN ELECTRICITY LTD
LINE BUSINESS STATEMENT OF ACCOUNTING POLICIES
For the Year Ended 31 March 1995
GENERAL ACCOUNTING POLICIES
The general policies adopted in the preparation of these financial statements are:
Unless otherwise stated, the measurement base adopted is historical cost.
Reliance is placed on the assumption that the Company is a going concern.
Accrual accounting is used to match revenues with related expenses.
SPECIAL PURPOSE FINANCIAL STATEMENTS
These financial statements have been prepared for the purpose of complying with the requirements of the Electricity (Information Disclosure) Regulations 1994.
These financial statements relate to the Company’s Line Business incorporating the conveyance of electricity, ownership of works for conveyance of electricity and provision of line function and street lighting services.
As this is the first year that the Regulations have been in effect, comparative information is not available and therefore no comparative information has been prepared.
SPECIFIC ACCOUNTING POLICIES
Specific accounting policies which materially affect the measurement of profit and financial position which have been consistently applied, are:
(a) Revenue
Revenue shown in the Operating Statement relates to the provision of transmission services.
(b) Expenditure
Expenditure shown in the Operating Statement is derived as follows:
Transmission charges, employee remuneration, administration and operating expenses are directly attributable to the Line Business.
Maintenance is provided by the Company’s Contracting Group and charged at market rates to the Line Business group. Indirect costs, with the exception of unallocatable overheads, are charged on an activity basis to the Line Business.
Unallocatable overheads are charged to the Line Business on a basis of staff numbers and asset value.
A share of the total company’s subvention payment has been allocated to the Line Business based upon its proportion of total company contribution to profit.
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VUW Te Waharoa —
NZ Gazette 1995, No 80
NZLII —
NZ Gazette 1995, No 80
✨ LLM interpretation of page content
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Certification of Dunedin Electricity Limited Financial Statements
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🏭 Trade, Customs & Industry5 July 1995
Financial Statements, Certification, Audit, Dunedin Electricity Limited, Electricity Information Disclosure Regulations