New Zealand Gazette – 1995 – No. 82

Page 2263

✨ Financial Statements Notes



18 AUGUST NEW ZEALAND GAZETTE 2263

ALPINE ENERGY LIMITED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1995

(CONTINUED)

(f) Inventories
Inventories held for the extension and replacement of the distribution system are valued at cost determined on a FIFO basis. Provision is made for obsolescence where applicable.

(g) Associate Companies
These are companies in which the Company holds substantial shareholdings and in whose commercial and financial policy decisions it participates.

(h) Goodwill
Goodwill represents the excess balance arising on the issue of shares for the carrying value of net assets transferred from South Canterbury Electric Power Board and Timaru Electricity. Goodwill is amortised on a straight line basis over five years commencing 1 April 1994.

(i) Fixed Assets
Fixed assets are stated at cost less provision for depreciation. The cost of additions to the distribution system includes the cost of direct materials and labour together with an allocation of indirect costs. The fixed assets of South Canterbury Electric Power Board and Timaru Electricity were vested in the Company at their carrying value.

(j) Cash Flows
Terms used in the Statement of Cash Flows are explained as follows:

  • Cash means coins and notes, demand deposits and other highly liquid investments.
  • Investing activities are those activities relating to the acquisition and disposal of fixed assets and investments.
  • Financing activities are those activities which result in changes to the size and composition of the capital structure of the Company. This includes both equity and debt not falling within the definition of cash, and includes dividend payments to shareholders.

(k) Goods and Services Tax (GST)
The financial statements have been prepared on a GST exclusive basis.

(l) Changes in Accounting Policies
There have been no changes in accounting policies during the year.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1995, No 82


NZLII — PDF NZ Gazette 1995, No 82




✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Alpine Energy Limited, South Canterbury, Electricity Regulations