New Zealand Gazette – 2005 – No. 139

Page 3368

✨ Financial Statements Notes



3368 NEW ZEALAND GAZETTE, No. 139 24 AUGUST 2005

THE LINES COMPANY LIMITED

Lines Business Activity

Notes to the Financial Statements

For the Year Ended 31st March 2005

(h) Basis of Allocations to Business Units

In general the Ministry of Economic Development 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, 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 and the BNZ loan.

(i) Comparative Figures

Comparative information has been reclassified, where necessary, to achieve consistency in disclosure with the current year.

(j) Changes in Accounting Policies

There have been no changes in accounting policy.

(k) Statement of Cash Flows

The Statement of Cash Flows is prepared exclusive of GST, which is consistent with the method used in the Statement of Financial Performance.

Definitions of the terms used in the Statement of Cash Flows:

"Cash" includes coins and notes, demand deposits and other highly liquid investments readily convertible into cash and includes at call borrowings, such as bank overdrafts, used by the company and the group as part of their day-to-day cash management.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 139


Gazette.govt.nz — PDF NZ Gazette 2005, No 139




✨ LLM interpretation of page content

💰 Financial Statements Notes for The Lines Company Limited (continued from previous page)

💰 Finance & Revenue
Financial Statements, Allocations, Comparative Figures, Accounting Policies, Cash Flows