New Zealand Gazette – 2008 – No. 52

Page 1448

✨ Financial Statements



Scanpower Limited

Statement of Significant Accounting Policies (Continued)

For the Year Ended 31 March 2007
Circuit breakers 40
Sectionalisers 40
Ring main units 40
Voltage regulators 40 to 55
Non standard assets 15 to 60
Buildings and Fixtures 10 to 50
Motor Vehicles 3 to 10
Computer Equipment 3 to 5

Employee Entitlements

Employee Entitlements to salaries and wages, annual leave, long service leave and other benefits are accrued on an actual entitlement basis.

Financial Instruments

Financial Instruments carried on the Statement of Financial Position include cash and bank balances, receivables, and trade creditors. These financial assets and liabilities are, generally, carried at their estimated fair values except for loans and investments, which are recorded at cost. Where appropriate, particular recognition methods adopted are disclosed in the individual policy statements associated with them.

Statement of Cash Flows

The following are the definitions of the terms used in the Statement of Cash Flows:

(a) Operating activities include all transactions and other events that are not investing or financing activities.

(b) Investing activities are those activities relating to the acquisition, holding and disposal of property, plant and equipment, and of investments.

(c) Financing activities are those activities that result in changes in the size and composition of the capital structure. This includes both equity and debt not falling within the definition of cash. Dividends paid in relation to the capital structure are included in financing activities.

(d) Cash is considered to be cash on hand and current accounts in banks, and short term deposits, net of bank overdrafts.

Changes in Accounting Policies

There have been no changes in accounting policies and all policies have been applied on a basis consistent with those used in the previous year.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 52


Gazette.govt.nz — PDF NZ Gazette 2008, No 52




✨ LLM interpretation of page content

💰 Scanpower Limited Financial Statements (continued from previous page)

💰 Finance & Revenue
Accounting Policies, Depreciation Rates, Employee Entitlements, Financial Instruments, Cash Flows, Scanpower Limited