✨ Financial Statements Notes
2848 NEW ZEALAND GAZETTE No. 116
WAITOMO ENERGY SERVICES LIMITED
Line Business Activity
Notes to the Financial Statements
For the Year Ended 31st March 1998
(i) Basis of Allocations to Business Units
In general the Ministry of Commerce guidelines for allocation of income and expenditure have been applied. Deviations from the guidelines have been used where assumptions made in the guidelines have not held true for Waitomo Energy Services Limited. These are as follows:
The assumption that energy alone interfaces with consumers does not hold true for the company. Meter reading and various other customer related expenses are allocated across each business unit.
Various overhead costs that are an integral part of operating each business and have been allocated according to relative fixed assets involved in each business.
Interest costs allocated to the Lines Business reflects those costs associated with the Subordinated Debt. These loans were set up to ensure the fair cost allocation of low density customers.
The Customer Discount provided to be returned to customers has been allocated on a cash flow basis relative to each business segment.
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VUW Te Waharoa —
NZ Gazette 1998, No 116
NZLII —
NZ Gazette 1998, No 116
✨ LLM interpretation of page content
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Waitomo Energy Services Limited Financial Performance Statement
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