✨ Financial Statements Notes
NEW ZEALAND GAZETTE
6 SEPTEMBER
12
ROTORUA ELECTRICITY LIMITED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1995.
NOTE
19 INFORMATION DISCLOSURE CONTINUED
19 Disclosure of Methodologies for allocation of costs, revenues etc.
The methodology applied has been in accordance with the Solec model used by Rotorua Electricity Limited in the derivation of line charges and is in compliance with those guidelines. This model is based on allocation of direct costs to business units where possible and the allocation of indirect costs on the basis of staff numbers and functions.
In the preparation of these financial statements the following exceptions to that model are noted as follows:
(a) Allocation in accordance to the guidelines has been applied to Debtors, Corporate expenses and Corporate Ownership.
(b) Bank balances have been allocated on an actual basis compared with the working capital formula prescribed in the guidelines.
(c) Deferred Tax has been recalculated on an actual basis.
(d) Reserve funds have been allocated equally between Generation and Lines Business units to reflect Insurance excesses.
(e) Other Investments have been apportioned as per Corporate expenses.
20
Disclosure in accordance with this regulation is contained in Note 2. The only disclosure required is the sale of own generation.
21 Disclosure of information relating to load groups.
Actuals for the period ended 31 March 1995:
| Group | $ Sales | $ Costs |
|---|---|---|
| Level 1 | 13,228,828 | 12,106,808 |
| Level 2 | 3,928,746 | 2,756,199 |
| Level 3 | 1,113,795 | 668,598 |
| Level 4 | 909,625 | 632,218 |
| Total | 19,180,994 | 16,163,823 |
Methodologies are attached.
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VUW Te Waharoa —
NZ Gazette 1995, No 95
NZLII —
NZ Gazette 1995, No 95
✨ LLM interpretation of page content
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Certification of Financial Statements for Rotorua Electricity Ltd
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💰 Finance & Revenue6 August 1995
Audit, Financial Statements, Electricity, Certification, Rotorua Electricity Ltd, Cost Allocation, Revenue Allocation, Load Groups