New Zealand Gazette – 2005 – No. 140

Page 3388

✨ Financial Statements



3388

NEW ZEALAND GAZETTE, No. 140

24 AUGUST 2005

Cashflows From Investing Activities
Cash was provided from:
Sale of assets

Cash was disbursed to:
Purchase of fixed assets

Net cash inflows/(outflows) from investing activities

Cashflows From Financing Activities
Cash was provided from:
Proceeds of borrowings
Proceeds from Capital transferred

Cash was disbursed to:
Repayment of term liabilities
Dividend distributions

Net cash inflows/(outflows) from financing activities

Net increase/(decrease) in cash held
Cash at beginning of year

Cash at End of Year

STATEMENT OF ACCOUNTING POLICIES

SPECIAL PURPOSE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the requirements of the Electricity Information Disclosure Requirements 2004, 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.

SPECIFIC ACCOUNTING POLICIES

In accordance with clause 6 of the Requirements, the methodology adopted to allocate costs, revenues, assets and liabilities among the businesses is in accordance with the Electricity Information Disclosure Handbook.

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

(a) Revenue

Revenue shown in the Statement of Financial Performance for the Line Business relates to the provision of electricity distribution.

(b) Expenditure

Expenditure shown in the Statement of Financial Performance is derived as follows:

Line Business

  • Transmission charges, employee remuneration, administration and operating expenses are directly attributable to the Line Business.
  • Maintenance and operation is provided in accordance with a 10 year Asset Management Services Contract with DELTA Utility Services Ltd.
  • Other costs are allocated in accordance with the avoidable cost allocation methodology.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 140


Gazette.govt.nz — PDF NZ Gazette 2005, No 140




✨ LLM interpretation of page content

🏭 Aurora Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cashflows, Investing Activities, Financing Activities, Accounting Policies