New Zealand Gazette – 1995 – No. 86

Page 2478

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 86

CENTRAL ELECTRIC LIMITED

GENERATION 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 has been placed on the assumption that the Line Business is a going concern.

  • Revenues earned are matched with expenses incurred using accrual accounting.

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 generation business of Central Electric Limited and incorporate the generation of electricity, by Central Electric Limited, where the capacity is greater than 10MW.

As this is the first year the Regulations have been in effect, comparative information is not available, and therefore no comparative information has been prepared.

SPECIFIC ACCOUNTING POLICIES

Revenue

The revenue shown in the Profit and Loss Account includes power sales of internally generated electricity, capital contributions, interest and miscellaneous and sundry income.

All revenue is directly attributable to the Generation Business except capital contributions and interest which are allocated on the basis of the relative net asset values.



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✨ LLM interpretation of page content

🏭 Central Electric Limited Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Shareholders Funds, Assets, Liabilities, Energy Business