New Zealand Gazette – 2006 – No. 156

Page 4552

✨ Financial Statements



Cashflows From Investing Activities

Cash was provided from:
Sale of assets - 50

Cash was disbursed to:
Purchase of fixed assets 13,619 12,295

Net cash inflows/(outflows) from investing activities
(13,619) (12,245)

Cashflows From Financing Activities

Cash was provided from:
Proceeds of borrowings 3,800 -
Proceeds from Capital transferred

  •         -

Cash was disbursed to:
Repayment of term liabilities - 4,400
Dividend distributions 14,713 7,306

                            14,713       11,706

Net cash inflows/(outflows) from financing activities
(10,913) (11,706)

Net increase/(decrease) in cash held
(65) 5
Cash at beginning of year 80 75

Cash at End of Year 15 80

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 2006, No 156


Gazette.govt.nz — PDF NZ Gazette 2006, No 156




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
21 November 2006
Financial Statements, Commerce Commission, Electricity Information Disclosure, Director