✨ Financial Statements
28 NOVEMBER 2011 NEW ZEALAND GAZETTE, No. 184 5315
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
x) Cash flow statement
For the purposes of the cash flow statement, cash is considered to be cash held in bank accounts (net of bank overdrafts) plus highly liquid investments that are readily convertible to known amounts of cash, which are subject to an insignificant risk of change in value. Cash flows from certain items are disclosed net, due to the short term maturities and volume of transactions involved.
New standards not yet adopted
The Transpower Lines Business has elected not to early adopt the following standards (or revisions to standards), considered to be materially relevant to the financial statements, which have been issued but are not yet effective.
- NZ IFRS 9 Financial Instruments – effective for the annual reporting period beginning 1 July 2013.
- NZ IFRS 10 Consolidated Financial Statements – effective for the annual reporting period beginning 1 July 2013.
- NZ IFRS 12 Disclosure of Interests in Other Entities – effective for the annual reporting period beginning 1 July 2013.
- NZ IFRS 13 Fair Value Measurement – effective for the annual reporting period beginning 1 July 2013.
- NZ IAS 24 Related Party Disclosures – effective for the annual reporting period beginning 1 July 2011.
The Transpower Lines Business has not fully assessed the impact of the five standards above.
New standards adopted during the period
There were no new or revised standards that had a material impact on the financial statements.
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NZ Gazette 2011, No 184
✨ LLM interpretation of page content
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Cash Flow Statement for Transpower New Zealand Limited
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💰 Finance & RevenueCash Flow, Financial Statements, Transpower, Lines Business