✨ Financial Statements
2474 NEW ZEALAND GAZETTE No. 86
Investments
Investments are recorded at cost.
The investments shown in the Balance Sheet are those which are directly attributable to the Energy Business and an allocation based on the relative reserve fund levels.
Fixed Assets and Depreciation
Fixed assets are valued at cost less accumulated depreciation. Depreciation has been charged at the following rates:
| % | ||
|---|---|---|
| Motor Vehicles | 20.0 | DV |
| Plant | 10.0 | DV |
| Furniture and Fittings | 20.0 | DV |
| Office and computer equipment | 20.0 | DV |
Fixed assets shown in the Balance Sheet include those which are directly attributable to the Energy Business and an allocation of Corporate Services and Engineering Services fixed assets. The allocation of the fixed assets is based on:
-
For Corporate Services, the assets have been allocated on an equal share basis between each activity;
-
For Engineering Services, the assets have been allocated on the basis of the relative net book values.
Term Liabilities
The term liabilities shown in the Balance Sheet are those which are directly attributable to the Energy Business.
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VUW Te Waharoa —
NZ Gazette 1995, No 86
NZLII —
NZ Gazette 1995, No 86
✨ LLM interpretation of page content
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Central Electric Limited Accounting Policies
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🏭 Trade, Customs & IndustryInvestments, Fixed Assets, Depreciation, Balance Sheet, Energy Business, Corporate Services, Engineering Services, Term Liabilities