New Zealand Gazette – 1999 – No. 130

Page 3143

✨ Financial Statements Notes

21 SEPTEMBER NEW ZEALAND GAZETTE 3143

Notes to and Forming Part of the Financial Statements
For the Year Ended 31 March 1999

15 RELATED PARTY TRANSACTIONS

As an integrated company, Powerco’s corporate function provides services to both the line and energy functions. These services include billing, meter reading, call centre services, in addition to other normal corporate activities. These costs have been allocated between the functions to reflect the costs incurred.

16 ALLOCATION METHODOLOGY

In general the Ministry of Commerce guidelines for allocation of income and expenditure have been applied. Deviations have been used where assumptions made in the guidelines are not consistent for Powerco Limited.

A weighted average adjustment has been performed between gas and electricity based on customer numbers for overhead costs to fairly reflect the actual costs incurred.

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VUW Te Waharoa — NZ Gazette 1999, No 130

NZLII — NZ Gazette 1999, No 130

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Financial Instruments for Powerco Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsCredit Risk, Interest Rate Risk, Bank Balances, Accounts Receivable, Interest Rate Swap Agreements

🏭 Related Party Transactions for Powerco Limited

Domain🏭 Trade, Customs & Industry
KeywordsCorporate Services, Billing, Meter Reading, Call Centre Services

🏭 Allocation Methodology for Powerco Limited

Domain🏭 Trade, Customs & Industry
KeywordsIncome Allocation, Expenditure Allocation, Ministry of Commerce Guidelines, Weighted Average Adjustment

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