New Zealand Gazette – 2000 – No. 71

Page 1611

✨ Financial Statements Continuation



28 JUNE NEW ZEALAND GAZETTE 1611

                                                                                  2000      1999
                                                                                  $000      $000

(m) Consumer billing and information system expense - -
(n) Depreciation expense on system fixed assets 6,260 3,169
(o) Depreciation on capital works under construction - -
(p) Total depreciation expense 6,261 3,174
(q) Corporate and administration 949 670
(r) Total other human resource expenses - -
(s) Marketing and advertising - -
(t) Merger and acquisition expenses - 300
(u) Takeover defence expenses - -
(v) Research and development expenses - -
(w) Consultancy and legal expenses 73 9
(x) Electricity hedges - -
(y) Amortised goodwill - -
(z) Subvention payments 2,000 -
(za) Other expenditure not listed in (a) to (z) - -
(zb) Total expenditure 35,304 22,184

  1. Earnings Before Interest and Tax 14,172 9,807

  2. Interest 7,989 6

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 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.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 71


Gazette.govt.nz — PDF NZ Gazette 2000, No 71




✨ LLM interpretation of page content

💰 Disclosure of Financial Statements Under Regulation 6 of the Electricity (Information Disclosure) Regulations 1999 (continued from previous page)

💰 Finance & Revenue
Financial Statements, Current Liabilities, Funding, Revenue, Expenditure, Electricity, Disclosure