New Zealand Gazette – 1995 – No. 93

Page 2829

✨ Financial Statements



4 SEPTEMBER NEW ZEALAND GAZETTE

2829

Basis of Allocation to Business Units.

In general the Ministry of Commerce guidelines for allocation of expenditure have been applied. Deviations from the guidelines have been used where assumptions made in the guidelines have not held true for Taranaki Energy Limited, and are as follows:

  • The assumption that energy alone interfaces with electricity consumers does not hold for Taranaki Energy Limited. Customer related expenditures are allocated according to the gross margin produced by each business.

  • Overhead costs that are integral parts of operating each business have been allocated according to the direct expenditure incurred by each business.

Changes in Accounting Policies

There were no material changes in accounting policies during the year. All policies have been applied on bases consistent with those used in the previous financial period.

Notes to and forming part of the Financial Statements for the year ended 31 March 1995



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✨ LLM interpretation of page content

🏭 Taranaki Energy Limited Statement of Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Investments, Income Tax, Depreciation, Revenue Recognition, Goodwill