✨ Financial Statements and Accounting Policies
18 OCTOBER NEW ZEALAND GAZETTE 4015
CHB POWER
HOLDINGS LIMITED
After Hours Faults ... 06 - 858 8101
PO Box 59, Waipukurau
Telephone: 06 - 858 8100
Facsimile: 06 - 858 7087
STATEMENT OF ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 MARCH 1996
Accounting Entity
The Financial Statements are those of the “Network Division” and the Energy, Retail, Contracting and Servicing Divisions shown as a combined amount called “Other” or CHB Power Holdings Limited.
The 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. The period reported is 1 April 1995 to 31 March 1996.
Principal Activities
The Network Business operates the network business activity, as defined by the regulation 2 of the Electricity (Information Disclosure) Regulations 1994, in the area bounded by the Ruahine Ranges, the east coastline, Te Aute in the north and Herbertville in the South.
Accounting Convention
The historical cost method as modified by the revaluation of network assets to the optimised deprivation value, has been followed.
The principles of going concern, accrual and periodic reporting have been used as the underlying basis of the reports, as defined by the Statement of Concepts issued by the New Zealand Society of Accountants.
Methodology of Separation of Business
CHB Power Holdings Limited has generally followed the Electricity Disclosure Guidelines as issued by the Ministry of Commerce dated 23 June 1994 with the exceptions noted below. These Guidelines were issued by the Energy Policy Group of the Ministry of Commerce as guidance to assist Electricity Companies to comply with the Electricity (Information Disclosure) Regulations 1994.
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VUW Te Waharoa —
NZ Gazette 1996, No 151
NZLII —
NZ Gazette 1996, No 151
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Certification of Financial Statements and Performance Measures
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🏭 Trade, Customs & Industry29 August 1996
Financial Statements, Performance Measures, Electricity, Information Disclosure, CHB Power Holdings Limited