New Zealand Gazette – 1995 – No. 97

Page 3030

✨ Financial Statements



3030
NEW ZEALAND GAZETTE
No. 97

Wairoa Power Limited - Other Businesses

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1995

  1. STATEMENT OF ACCOUNTING POLICIES

    Reporting Entity

    The Financial Statements are those of the Other Businesses of Wairoa Power Limited. The period reported is 1 April 1994 to 31 March 1995.

    These Financial Statements are prepared in accordance with Regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations 1994. The Financial Statements have not been prepared for the purpose of the Financial Reporting Act 1993, or the Energy Companies Act 1992.

    Principal Activities

    Included in Other Businesses are all the electricity activities (with the exception of Line Business activities defined by regulation 2 of the Electricity (Information Disclosure) Regulations 1994).

    Measurement Base

    The accounting principles recognised as appropriate for the measurement and reporting of earnings and financial position on a historical cost basis are followed by the Company, with the exception that certain assets have been revalued.

    Methodology of Separation of Business

    Wairoa Power Limited has complied with the methodology set out in the Electricity Disclosure Guidelines as issued by the Ministry of Commerce dated 23 June 1994, except for:

    • Costs and revenues associated with line contracting services have been excluded from the line business to comply with the Electricity (Information Disclosure) Regulations 1994 which conflict with the guidelines.
    • Disconnection fees are included as revenue to the line business.
    • Costs incurred for billing services are included as line business costs.
    • Meter reading costs have been split evenly between the line business and other businesses.


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✨ LLM interpretation of page content

🏭 Annual General Meeting of Wairoa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Wairoa Power Limited, Reporting Entity, Principal Activities, Measurement Base, Methodology of Separation