New Zealand Gazette – 2005 – No. 5

Page 118

✨ Financial Statements



118 NEW ZEALAND GAZETTE, No. 5 14 JANUARY 2005

Cashflows From Investing Activities

Cash was provided from:
Sale of assets 110 -

Cash was disbursed to:
Purchase of fixed assets 17,517 11,056

Net cash inflows/(outflows) from investing activities (17,407) (11,056)

Cashflows From Financing Activities

Cash was provided from:
Proceeds of borrowings - 3,000
Proceeds from Capital transferred 7,750 -
7,750 3,000

Cash was disbursed to:
Repayment of term liabilities 8,800 -
Dividend distributions 3,796 9,082
12,596 9,082

Net cash inflows/(outflows) from financing activities (4,846) (6,082)

Net increase/(decrease) in cash held 47 338
Cash at beginning of year 28 (310)

Cash at End of Year 75 28

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.


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 5


Gazette.govt.nz — PDF NZ Gazette 2005, No 5




✨ LLM interpretation of page content

🏭 Disclosure of Information Required in Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Surplus, Interest Expense, Income Tax, Equity, Cashflows

🏭 Statement of Accounting Policies

🏭 Trade, Customs & Industry
Accounting Policies, Financial Statements, Electricity, Revenue, Expenditure