✨ Financial Statements




4016 NEW ZEALAND GAZETTE No. 151

CHB Power Holdings Limited Logo

CHB POWER

HOLDINGS LIMITED

After Hours Faults ... 06 - 858 8101

PO Box 59, Waipukurau
Telephone: 06 - 858 8100
Facsimile: 06 - 858 7087

Exceptions to the guidelines are:

(A) Allocation of these amounts marked (A) in the Financial Statements, to the Network division is on the basis of percentage of net profit after tax, calculated as:

    237,593
403,510 = 59%

Particular Accounting Policies

The Financial Statements have been prepared on a GST exclusive basis, except for debtors and creditors.

Income Recognition

Electricity sales represent consumer usage as billed during the reporting period. An accrual has been made for unbilled electricity sales. The recognition of the revenue from line charges in advance has been deferred as a current liability.

Inventories

Inventories are stated at the lower of cost (calculated on an average cost basis) or estimated realisable value. Work-in-progress is valued at net realisable value.

Financial Instruments

The Company is party to financial instrument arrangements as part of its everyday operations, including instruments which have been recognised in these financial reports.

Revenues and expenses in relation to all financial instruments are recognised in the Statement of Financial Performance.

All financial instruments are recognised in the Statement of Financial Position. The Company has not entered into any off-balance sheet instruments.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1996, No 151


NZLII PDF NZ Gazette 1996, No 151





✨ LLM interpretation of page content

🏭 Certification of Financial Statements and Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
29 August 1996
Financial Statements, Performance Measures, Electricity, Information Disclosure, CHB Power Holdings Limited