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New Zealand Gazette – 1997 – No. 117

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✨ Financial Statements

MercuryEnergy

Mercury Energy Limited and Subsidiaries

Notes to and forming part of the financial statements for the year ended 31 March 1997 continued

1. STATEMENT OF ACCOUNTING POLICIES continued

k) Joint Ventures

The group is party to several joint venture arrangements. The group has accounted for its interest in these ventures by recognising its share of revenue, expenses, assets and liabilities.

l) Other Investments

Investments in other companies are stated at cost.

m) Long Term Prepayments

The group has entered into several contracts for the supply of gas. These are recorded at cost as long term prepayments.

Changes in Accounting Policies

There have been no changes in accounting policies. All policies have been applied on bases consistent with those used in previous years.

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VUW Te Waharoa — NZ Gazette 1997, No 117

NZLII — NZ Gazette 1997, No 117

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Mercury Energy Limited Statement of financial position (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Equity, Electricity, Mercury Energy Limited, 1997, 1996, Foreign Currencies, Financial Instruments, Hedging

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