New Zealand Gazette – 1999 – No. 112

Page 2670

✨ Financial Statements Notes



2670 No. 112

NEW ZEALAND GAZETTE

THE LINES COMPANY LIMITED

(formerly Waitomo Energy Services Limited)

Line Business Activity

Notes to the Financial Statements

For the Year Ended 31st March 1999

(h) 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 The Lines company Limited. These are as follows:

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.

(i) Comparative Figures

Comparative figures have not been changed from those reported in prior periods, despite changes to the Financial Statements preparation basis as set by the Ministry of Commerce.

(j) Changes in Accounting Policies

There have been no changes in accounting policies during the year.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1999, No 112


NZLII — PDF NZ Gazette 1999, No 112




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for The Lines Company Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Allocations, Comparative Figures