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New Zealand Gazette – 1998 – No. 122

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✨ Financial Statements

2938 NEW ZEALAND GAZETTE No. 122

ALPINE ENERGY LIMITED

FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1994

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998 (CONTINUED)

(f) Goodwill

Goodwill representing the excess arising on the issue of shares for the carrying value of net assets transferred from South Canterbury Electric Power Board and Timaru Electricity is being amortised on a straight line basis over five years commencing 1 April 1994.

(g) Fixed Assets

All fixed assets are initially recorded at cost. Network reticulation system assets are subsequently revalued to net current value as determined by an independent valuer using the optimised deprival valuation method. Other Fixed assets are stated at cost less an allowance for depreciation.

(h) Financial Instruments

Financial instruments carried in the Statement of Financial Position include cash and bank balances, receivables and trade creditors. These instruments are generally carried at their estimated fair value. For example receivables are carried net of the related provision for doubtful debts. The particular recognition methods are disclosed in the notes for each item.

(i) Goods and Services Tax (GST)

The financial statements have been prepared on a GST exclusive basis.

(j) Changes in Accounting Policies

There have been no changes in accounting policies. All policies have been applied on bases consistent with those used in previous years.

OPERATING REVENUE

	1998		1997
	Lines	Other	Lines	Other
Use of System Charges	18,408	-	15,904	-
Contracting Revenue	1,108	1,543	1,094	624
Customer Contributions	684	-	590	-
Sundry - Other	49	-	66	-
	20,249	1,543	17,654	624

Note: The 1997 figures for Operating Revenue and Operating Costs shown in these financial statements differ from those published in 1997. The 1997 figures now include transmission items previously excluded.

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VUW Te Waharoa — NZ Gazette 1998, No 122

NZLII — NZ Gazette 1998, No 122

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Electricity, Information Disclosure, Alpine Energy Limited

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