✨ Financial Statements
10 SEPTEMBER NEW ZEALAND GAZETTE 2883
CENTRAL ELECTRIC LIMITED
GENERATION BUSINESS STATEMENT OF ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 MARCH 1996
GENERAL ACCOUNTING POLICIES
The general policies adopted in the preparation of these financial statements are:
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Unless otherwise stated, the measurement base adopted is historical cost.
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Reliance has been placed on the assumption that the Line Business is a going concern.
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Revenues earned are matched with expenses incurred using accrual accounting.
SPECIAL PURPOSE FINANCIAL STATEMENTS
These financial statements have been prepared for the purpose of complying with the requirements of the Electricity (Information Disclosure) Regulations 1994.
The methodology for allocating costs, revenues, assets and liabilities between activities used in the preparation of these financial statements is that as set out in the Guidelines to the Regulations.
These financial statements relate to the generation business of Central Electric Limited and incorporate the generation of electricity, by Central Electric Limited, where the capacity is greater than 10MW.
SPECIFIC ACCOUNTING POLICIES
Revenue
The revenue shown in the Profit and Loss Account includes power sales of internally generated electricity, capital contributions, interest and miscellaneous and sundry income.
All revenue is directly attributable to the Generation Business except capital contributions and interest which are allocated on the basis of the relative net asset values.
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VUW Te Waharoa —
NZ Gazette 1996, No 113
NZLII —
NZ Gazette 1996, No 113
✨ LLM interpretation of page content
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Central Electric Limited Generation Business Accounting Policies
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🏢 State Enterprises & InsuranceFinancial Statements, Accounting Policies, Generation Business, Central Electric Limited, Revenue, Historical Cost, Going Concern, Accrual Accounting, Electricity (Information Disclosure) Regulations 1994