✨ Electricity Information Disclosure




3244 NEW ZEALAND GAZETTE No. 133

Changes in Accounting Policies

This is the first year that any assets have been recorded at valuation rather than cost. The effect of this change in accounting policies is to increase the fixed assets and shareholders reserves in the Line Business activity by $25,863,345 after allowing for an increase in the deferred taxation liability of $5,523,894 and increase the depreciation charge by $544,481.

There have been no other material changes in accounting policies. All accounting policies have been applied on bases consistent with those used in the previous year.



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✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for Ashburton Limited (continued from previous page)

🏭 Trade, Customs & Industry
10 August 1998
Electricity, Financial Statements, Audit, Ashburton Limited, Accounting Policies