New Zealand Gazette – 2000 – No. 122

Page 3079

✨ Financial Statements



5 SEPTEMBER NEW ZEALAND GAZETTE 3079

  1. Operating Surplus Before Interest and Income Tax 14,172 9,807

  2. Interest Expense:
    (a) Interest expense on borrowings 7,989 6
    (b) Financing charges relating to finance leases - -
    (c) Other interest expense not listed in (a) or (b) - -
    (d) Total interest expense 7,989 6

  3. Operating Surplus Before Income Tax 6,183 9,801

  4. Income Tax 3,584 4,032

  5. Net Surplus After Tax 2,599 5,769

I. STATEMENT OF ACCOUNTING POLICIES

GENERAL ACCOUNTING POLICIES

The general policies adopted in the preparation of these financial statements are:

  • Unless otherwise stated, the measurement base adopted is historical cost.

SPECIAL PURPOSE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with generally accepted accounting practice (GAAP) for the purpose of complying with the requirements of the Electricity (Information Disclosure) Regulations 1999 and Amendment Regulations 2000, and relate to:

  • The Company’s Line Business incorporating the conveyance of electricity, ownership of works for conveyance of electricity and provision of line function services.
  • An Electricity Generating Business being the financial accounts of Waipori Power Generation Ltd prepared by Dunedin Electricity Ltd pursuant to section 3 (c)(2)(a) of the Electricity (Information Disclosure) Regulations 1999.
  • Waipori Power Generation Ltd was sold to TrustPower on 22 October 1998.
  • The Company’s Contracting Business incorporating the maintenance of electrical appliances, fittings and associated equipment, the management of a hydro-electricity generating complex, and provision of street lighting services.
  • On 1 July 1998, the Operations carried out by the Company’s Contracting Business were transferred to a 100% owned subsidiary company DELTA Utility Services Ltd.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 122


Gazette.govt.nz — PDF NZ Gazette 2000, No 122




✨ LLM interpretation of page content

💰 Disclosure of Information Relating to Transactions Between Persons in a Prescribed Business Relationship and Related Parties (continued from previous page)

💰 Finance & Revenue
Financial Statements, Operating Surplus, Interest Expense, Income Tax, Net Surplus, Accounting Policies, Historical Cost, GAAP, Electricity Regulations