New Zealand Gazette – 2008 – No. 3

Page 60

✨ Financial Statements



60 NEW ZEALAND GAZETTE, No. 3 11 JANUARY 2008

Cashflows From Investing Activities

Cash was provided from:
Sale of assets - -

Cash was disbursed to:
Purchase of fixed assets 19,174 13,619
Net cash inflows/(outflows) from investing activities (19,174) (13,619)

Cashflows From Financing Activities

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

Cash was disbursed to:
Repayment of term liabilities 3,350 -
Dividend distributions 6,190 14,713
9,540 14,713

Net cash inflows/(outflows) from financing activities (9,540) (10,913)

Net increase/(decrease) in cash held (7) (65)
Cash at beginning of year 15 80

Cash at End of Year 8 15

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 2008, No 3


Gazette.govt.nz — PDF NZ Gazette 2008, No 3




✨ LLM interpretation of page content

🏭 Aurora Energy Limited Disclosure Information (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Information Disclosure, Commerce Commission, Financial Statements, Performance Measures, Valuation Report, Cashflows, Accounting Policies