✨ Financial Statements Notes
4108
NEW ZEALAND GAZETTE, No. 142
20 NOVEMBER 2006
TOP ENERGY LIMITED-LINE BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
STATEMENT OF ACCOUNTING POLICIES
FOR THE YEAR ENDED 31 MARCH 2006
6 Depreciation
Land and work-in-progress assets are not depreciated. Other property, plant & equipment assets are depreciated on a straight line (SL) or diminishing value (DV) basis that has regard to their historical cost, estimated useful life and expected residual value:
| Straight line basis | Years |
|---|---|
| Distribution system | |
| Lines, Transformers & Substations | 45 – 60 |
| Switchgear | 35 |
| SCADA Communications equipment | 15 |
| Buildings | 50 |
| Office equipment, Plant and Furniture | 10 |
| Information systems assets | 5 - 10 |
| Chainsaws | 3 |
| Computer Software | 3 |
| Diminishing value basis | Rate |
|---|---|
| Motor Vehicles | 20% |
7 Statement of Cash Flows
The following is the definition of terms used in the Statement of Cash Flows:
“Cash” means coins and notes, demand deposits and other highly liquid investments in which the Company has invested as part of its day-to-day cash management. Cash includes liabilities which are the negative form of the above, such as the bank overdraft. Cash does not include accounts receivable or payable, or any borrowing subject to a term facility.
“Investing activities” are those activities relating to the acquisition, holding and disposal of fixed assets and of investments. Investments can include securities not falling within the definition of cash.
“Financing activities” are those activities which result in changes in the size and capital structure of the Company. This includes both equity and debt not falling within the definition of cash. Dividends paid in relation to the capital structure are included in financing activities.
“Operating activities” include all transactions and other events that are not investing or financing activities and includes interest and dividends received in relation to investments.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 142
Gazette.govt.nz —
NZ Gazette 2006, No 142
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Top Energy Limited Notes to the Financial Statements
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🏭 Trade, Customs & IndustryFinancial Statements, Depreciation, Cash Flows, Accounting Policies