New Zealand Gazette – 2007 – No. 133

Page 3477

✨ Accounting Policies and Standards



30 NOVEMBER 2007

NEW ZEALAND GAZETTE, No. 133

3477

Original disclosure Adjustment Revised disclosure
Trade and other payables (2,720) (48) (2,768)
Tax payable (333) 333 -
Provisions - (284) (284)

Changes in Accounting Policies

There have been no changes in accounting policies during the year.

Standards, Amendments and Interpretations issued but not yet effective

At the date of authorisation of the financial report, a number of Standards and Interpretations were in issue but not yet effective.

Initial application of the following Standards will not affect any of the amounts recognised in the financial report, but will change the disclosures presently made in relation to the Division’s financial report:

Standard Effective for annual reporting periods beginning on or after Expected to be initially applied in the financial year ending
NZ IFRS-7 'Financial Instruments: Disclosures' and consequential amendments to other accounting standards resulting from its issue 1 January 2007 30 June 2008
NZ IFRS-8 'Operating Segments' 1 January 2009 30 June 2010

Initial application of the following Standards and Interpretations is not expected to have any material impact to the financial report of Division:

Standard/Interpretation Effective for annual reporting periods beginning on or after Expected to be initially applied in the financial year ending
NZ IFRIC-10 'Interim Financial Reporting and Impairment' 1 November 2006 30 June 2008
NZ IFRIC-11 'NZ IFRS-2 – Group and Treasury Share Transactions' 1 March 2007 30 June 2008
NZ IFRIC-12 'Service Concession Arrangements' 1 January 2008 30 June 2009
IFRIC-13 'Customer Loyalty Programmes' 1 July 2008 30 June 2009
IFRIC-14 'IAS-19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction' 1 January 2008 30 June 2009
NZ IAS-23 'Borrowing Costs' – revised standard 1 January 2009 30 June 2010


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 133


Gazette.govt.nz — PDF NZ Gazette 2007, No 133




✨ LLM interpretation of page content

🏭 Powerco Gas Division Accounting Policies (continued from previous page)

🏭 Trade, Customs & Industry
27 November 2007
Accounting Policies, Tax Recognition, Inter-division Account, Comparative Amounts, Financial Statements, Reclassification

🏭 Changes in Accounting Policies

🏭 Trade, Customs & Industry
Accounting Policies, Financial Reporting, Disclosures

🏭 Standards, Amendments and Interpretations issued but not yet effective

🏭 Trade, Customs & Industry
Accounting Standards, Financial Instruments, Operating Segments, Disclosures