New Zealand Gazette – 1995 – No. 84

Page 2379

✨ Accounting Policies for Electricity Business

22 AUGUST NEW ZEALAND GAZETTE 2379

Accounting Policies Specific To The Line Business Activity

a) Revenue

Line revenue is recognised as actual amounts invoiced during the period.
Capital contributions are recognised as revenue in the year of receipt.

b) Depreciation

Depreciation has been provided on the Distribution Network at 4% straight line which amortises the cost of the asset over its economic life.

c) Transmission Charges

Transmission charges are recognised as a direct cost to the line business activity.

Accounting Policies Specific To The Energy and Other Business Activities

a) Revenue

Electricity sales are recognised as actual amounts invoiced during the period together with an accrual for the estimated value of unread consumption.

b) Depreciation

Depreciation has been provided on all tangible fixed assets other than freehold land on the following basis and at the following rates which amortise the cost of the asset over their economic lives.

Generation Assets:

Dams, headworks, roads etc 1% straight line
Buildings 1% straight line
Generating plant and equipment 4% straight line

c) Investments

Investments are shown at cost plus accumulated interest.

d) Transmission Charges

Transmission charges are not recognised as a cost to the energy business activity.

Changes in Accounting Policies

The accounting policies have been applied on a consistent basis throughout the period.

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VUW Te Waharoa — NZ Gazette 1995, No 84

NZLII — NZ Gazette 1995, No 84

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Public Disclosure of Line Business Information (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity Industry, Line Business, Information Disclosure, Performance Measures, Efficiency, Reliability, Electricity Supply

🏭 Accounting Policies Specific To The Line Business Activity

Domain🏭 Trade, Customs & Industry
KeywordsAccounting Policies, Revenue, Depreciation, Transmission Charges, Line Business, Electricity Industry

🏭 Accounting Policies Specific To The Energy and Other Business Activities

Domain🏭 Trade, Customs & Industry
KeywordsAccounting Policies, Revenue, Depreciation, Investments, Transmission Charges, Energy Business, Electricity Industry

🏭 Changes in Accounting Policies

Domain🏭 Trade, Customs & Industry
KeywordsAccounting Policies, Consistency, Electricity Industry

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Additional Sources

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