✨ Financial Statements
846 NEW ZEALAND GAZETTE, No. 37 26 FEBRUARY 2008
Statement of Cash Flows
The following are the definitions of the terms used in the statement of cash flows:
a) Cash is considered to be cash on hand, current accounts in banks net of bank overdrafts and short term deposits with banks.
b) Investing activities are those activities relating to the acquisition, holding and disposal of fixed assets and investments. Investments can include securities not falling within the definition of cash.
c) Financing activities are those activities that result in changes in the size and composition of the capital structure. Dividends paid in relation to the capital structure are included in financing activities.
d) Operating activities include all transactions and other events that are not investing or financing activities.
Financial Instruments
Counties Power Limited Lines Business had no financial instruments with off-balance sheet risk during or at the end of the year (2006 Nil).
Comparatives
Certain comparatives have been restated in order to conform with current year presentation
CHANGES IN ACCOUNTING POLICY
In previous years, the Property Plant and Equipment accounting policy, only allowed for the revaluation of the Network Fixed Assets. The policy has been changed for 31 March 2007 to allow for, and to recognise, revaluation of the company’s land and buildings. Refer to note 10 for the impact of this change. There have not been other changes to accounting policies.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 37
Gazette.govt.nz —
NZ Gazette 2008, No 37
✨ LLM interpretation of page content
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Statement of Accounting Policies for Counties Power Limited – Lines Business
(continued from previous page)
💰 Finance & Revenue26 February 2008
Accounting Policies, Cash Flows, Financial Instruments, Comparatives, Property Plant and Equipment, Revaluation, Network Fixed Assets, Land and Buildings