✨ Accounting Policies
29 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 157
4579
Unison Networks Limited – Lines Business
Statement of Significant Accounting Policies
For the year ended 31 March 2006
m. Borrowings
Borrowings are stated at face value less unamortised discounts, premiums and prepaid interest. Discounts, premiums and prepaid interest are amortised to interest expenses on a yield to maturity basis over the period of the borrowing.
n. Goods and Services Tax
The financial statements have been prepared with revenue and expense items exclusive of GST. In the statement of financial position, accounts receivable and accounts payable are inclusive of GST. All other assets and liabilities are exclusive of GST.
o. Operating Leases
Payments made under operating leases are recognised in the Statement of Financial Performance on a basis representative of the pattern of benefits expected to be derived from the leased assets.
Changes in Accounting Policies
There have been no changes to accounting policies.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 157
Gazette.govt.nz —
NZ Gazette 2006, No 157
✨ LLM interpretation of page content
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Statement of Significant Accounting Policies for Unison Networks Limited
(continued from previous page)
🏭 Trade, Customs & IndustryAccounting policies, Financial statements, Borrowings, Goods and Services Tax, Operating Leases