New Zealand Gazette – 1997 – No. 127

Page 2989

✨ Financial Accounting Policies



15 SEPTEMBER NEW ZEALAND GAZETTE

Rates used are: Buildings 1 - 2.5%
Furniture and fittings 10%
Plant and equipment 2.5 - 15%
Network assets 4 - 5%
Computer equipment 20%
Dams 1%

(i) Taxation

The Company is subject to taxation under the Income Tax Act 1976.

Taxation is provided in the financial statements on the basis of the estimated taxation payable, after taking advantage of all available deductions and concessions.

(j) Goods and Services Tax

These accounts are prepared exclusive of GST except for accounts receivable and accounts payable which are GST inclusive.



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✨ LLM interpretation of page content

💰 Statement of Accounting Policies for Dunedin Electricity Ltd (continued from previous page)

💰 Finance & Revenue
Accounting Policies, Financial Statements, Electricity, Dunedin Electricity Ltd, Electricity (Information Disclosure) Regulations 1994, Depreciation Rates, Taxation, Goods and Services Tax