✨ Financial Statements
10 SEPTEMBER NEW ZEALAND GAZETTE 2879
Investments
Investments are recorded at cost.
The investments shown in the Balance Sheet are those which are directly attributable to the Energy Business and an allocation based on the relative reserve fund levels.
Fixed Assets and Depreciation
Fixed assets are valued at cost less accumulated depreciation. Depreciation has been charged at the following rates:
Motor Vehicles 20.0-25.0 DV
Plant 10.0-12.5 DV
Furniture and Fittings 20.0-25.0 DV
Office and computer equipment 20.0-40.0 DV
Fixed assets shown in the Balance Sheet include those which are directly attributable to the Energy Business and an allocation of Corporate Services and Engineering Services fixed assets. The allocation of the fixed assets is based on:
-
For Corporate Services, the assets have been allocated on an equal share basis between each activity;
-
For Engineering Services, the assets have been allocated on the basis of the relative net book values.
Term Liabilities
The term liabilities shown in the Balance Sheet are those which are directly attributable to the Energy Business.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1996, No 113
NZLII —
NZ Gazette 1996, No 113
✨ LLM interpretation of page content
🏢
Central Electric Limited Energy Business Statement of Accounting Policies
(continued from previous page)
🏢 State Enterprises & InsuranceElectricity, Accounting Policies, Financial Statements, Energy Business, Central Electric Limited, Investments, Fixed Assets, Depreciation, Term Liabilities