New Zealand Gazette – 1999 – No. 110

Page 2632

✨ Financial Statements

2632
NEW ZEALAND GAZETTE
No. 110

ALPINE ENERGY LIMITED
FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH THE ELECTRICITY
(INFORMATION DISCLOSURE) REGULATIONS 1999

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1999 (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 deprivial 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.

REVENUE

Other Revenue	1999	1998
Customer Contributions	547	684
Contracting Revenue	-	1,108
Sundry	-	49
	547	1,841

Expenses

Corporate and Administration	1999	1998
Administration	150	150
Audit Fees	49	24
Corporate	1,080	1,076
Directors Fees	146	130
	1,425	1,380

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VUW Te Waharoa — NZ Gazette 1999, No 110

NZLII — NZ Gazette 1999, No 110

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Performance, Expenditure, Revenue, Alpine Energy Limited

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