New Zealand Gazette – 1996 – No. 126

Page 3150

✨ Financial Statements

3150 NEW ZEALAND GAZETTE No. 126

Directors' Fees Staff Numbers (F.T.E)
Insurances (General) Staff Numbers (F.T.E)
Marketing Research Electricity Revenue
Postages Equal Shares
Printing and Stationery Electricity Revenue
Subscriptions Staff Numbers (F.T.E)
Telecommunications Staff Numbers (F.T.E)
Depreciation Staff Numbers (F.T.E)

Assets :
Cash Gross Margin
Inventory Work Type/Direct Costs
Customer Deposits Electricity Revenue

1.4 Specific Accounting Policies

The following particular accounting policies which materially affect the measurement of profit and financial position are consistently applied:

(a) Accounting Period

The financial statements cover the financial performance of the company for the year ended 31 march 1996 and the financial position of the company at the end thereof.

(b) Associate Companies

These are companies in which the group holds substantial shareholdings and in whose commercial and financial policy decisions it participates.

Associate companies have been reflected in the consolidated financial statements on an equity accounting basis which shows the groups share of profits in the consolidated statement of financial performance and its share of post-acquisition increases or decreases in net assets, in the consolidated statement of financial position.

Eastland Energy Limited wholly owns the following companies; Eastland Network Limited, Remote Metering Limited, Eastland Power Limited. As these companies had not traded at 31 March 1996, there has been no consolidation.

(d) Revenue Recognition

Revenues for all services are recognised when earned. Billings for services are made on a monthly, bi-monthly or quarterly basis. Unbilled revenue from the billing cycle date to the end of the financial reporting period is recognised as revenue during the period in which the service is provided. Profit and interest on hire purchase sales are recognised in full at the time of sale.

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VUW Te Waharoa — NZ Gazette 1996, No 126

NZLII — NZ Gazette 1996, No 126

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Consolidated Statement of Financial Position for Eastland Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Position, Assets, Liabilities, Shareholders Equity, Eastland Energy Limited

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Additional Sources

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