✨ Financial Statements Notes
1 SEPTEMBER NEW ZEALAND GAZETTE
2791
TRUSTPOWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1995
NOTE 19: METHODOLOGIES FOR ALLOCATING COSTS, REVENUES, ASSETS AND LIABILITIES
The Electricity Information Disclosure guidelines have been followed except as set out below:
EDP expenses:
Allocated based on staff numbers.
Board of Directors and Corporate services expenses:
Allocated based on total direct administration costs.
Bank, advances and short term Investments:
Allocation based on net income after taxation.
Taxation, deferred taxation and provision for taxation:
Recalculated on an actual basis with opening balances being apportioned based on the current tax charge.
NOTE 20: ROTORUA ELECTRICITY LIMITED
On 21 December 1994, the Rotorua Electricity Charitable Trust entered into an agreement to sell its 51% holding in Rotorua Electricity Limited to TrustPower Limited. When this 51% holding is combined with the Rotorua Electricity Limited shares acquired by TrustPower Limited by way of the offer to shareholders of Rotorua Electricity Limited dated 26 September 1994 and on the open market, its total holding is 67.7% at 31 March 1995.
As allowed by Regulation 27 of the Electricity (Information Disclosure) Regulations 1994 all transactions and assets and liabilities relating to the investment in Rotorua Electricity Limited have been excluded from these financial statements for the line and energy business of TrustPower Limited.
The additional transactions, assets and liabilities included in TrustPower Limited’s statutory financial statements can be summarised as follows:
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1995, No 91
NZLII —
NZ Gazette 1995, No 91
✨ LLM interpretation of page content
🏭
TrustPower Limited Financial Performance Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Performance, Operating Leases, Capital Commitments, Contingent Liabilities, TrustPower