β¨ Financial Performance Statement
2066 NEW ZEALAND GAZETTE No. 86
SCANPOWER Limited has entered into electricity price hedging contracts with electricity generators in order to minimise the risk of price fluctuations on the electricity spot market. Assets, liabilities and any unrealised revenues and expenses associated with these instruments as at balance date are not recognised in the financial statements. Realised revenues and expenses are recognised in the statement of financial performance on maturity of the hedging contracts and are incorporated as part of the cost of wholesale electricity.
Full disclosure of information about electricity price hedge contracts to which SCANPOWER Limited is a party is provided in note 14.
Changes in Accounting Policies
There have been no changes in Accounting Policies. All policies have been applied on bases consistent with previous years.
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VUW Te Waharoa —
NZ Gazette 1997, No 86
NZLII —
NZ Gazette 1997, No 86
β¨ LLM interpretation of page content
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Scanpower Limited Financial Performance Statement
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π Trade, Customs & IndustryFinancial Performance, Investments, Depreciation, Taxation, Employee Entitlements, Financial Instruments, Electricity, Scanpower Limited