✨ Accounting Policies
2814 NEW ZEALAND GAZETTE No. 117
Change in accounting policy
Deferred taxation accounting is now applied on a comprehensive basis to all timing differences. Previously deferred taxation was applied on a partial basis in that only those timing differences expected to reverse in the foreseeable future were recognised. The effect of the change is to reduce the surplus for the year and to increase the provision for deferred taxation by $180,000 at 31 March 1999.
There were no other changes to the accounting policies in the year ended 31 March 1999.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1999, No 117
NZLII —
NZ Gazette 1999, No 117
✨ LLM interpretation of page content
🏭
Central Electric Limited Statement of Accounting Policies
(continued from previous page)
🏭 Trade, Customs & IndustryAccounting Policies, Financial Statements, Deferred Taxation, Timing Differences, Comprehensive Basis