✨ Financial Statements and Performance Measures
15 DECEMBER
NEW ZEALAND GAZETTE
4159
Similarly revenue charged by the distribution business to the other business activities within Enerco is treated as revenue to the distribution business. These services are provided on a commercial arms length basis.
Assets and Liabilities
Consistent with the approach to revenue and costs, this approach requires an assessment of the assets and liabilities that would be avoided.
The assets were allocated to an activity where it was obviously used. Where assets are used by both the distribution and other business units, a proportion of the costs have been charged to the distribution business on the basis of its requirement as a stand alone business, with the balance charged to the non core business using appropriate bases.
The same approach has been adopted for the liabilities.
Where services have been provided by the business units to one another these have been consistently treated where applicable in the Statement of Financial Position.
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VUW Te Waharoa —
NZ Gazette 1997, No 174
NZLII —
NZ Gazette 1997, No 174
✨ LLM interpretation of page content
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Certification of Financial Statements and Performance Measures by Enerco New Zealand Limited
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