✨ Financial Statements
21 AUGUST
NEW ZEALAND GAZETTE
2923
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 by the non-core business.
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 assets have been allocated to the distribution business on the basis of its requirements as a stand alone basis, 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 one business unit to another these have been consistently treated in the Statement of Financial Position.
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VUW Te Waharoa —
NZ Gazette 1998, No 121
NZLII —
NZ Gazette 1998, No 121
✨ LLM interpretation of page content
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Disclosure of Financial and Efficiency Measures
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💰 Finance & RevenueFinancial Performance, Efficiency Measures, Accounting Return, Profitability, Cost Analysis, Gas Distribution, Energy Retailing, Avoidable Cost Methodology, Assets, Liabilities