Annual report financial statements - Meridian Energy

Contents
Income Statement..............................................................................1
Statement of Comprehensive Income............................................ 2
Statement of Financial Position...................................................... 3
Statement of Changes in Equity......................................................4
Cash Flow Statement........................................................................6
Notes to the Financial Statements................................................. 7
1. Summary of Accounting Policies............................................ 7
2. Segment Reporting ................................................................15
3. Expenses.................................................................................18
4. Finance Costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
5. Interest Income ......................................................................19
6. Income Tax Expense...............................................................19
7. Earnings per Share ................................................................20
8. Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
9. Dividends ................................................................................21
10. Cash and Cash Equivalents .................................................. 22
11. Accounts Receivable and Prepayments .............................. 22
12. Inventories............................................................................. 23
13. Finance Lease Receivable..................................................... 24
14. Assets and Liabilities Classified as Held for Sale ............... 24
15. Investments in Subsidiaries.................................................. 25
16. Equity Accounted Joint Ventures.........................................30
17. Available for Sale Investments............................................. 32
18. Intangible Assets................................................................... 33
19. Property, Plant and Equipment............................................ 35
20. Payables and Accruals.......................................................... 39
21. Provisions............................................................................... 39
22. Deferred Tax...........................................................................40
23. Borrowings..............................................................................41
24. Financial Risk Management...................................................41
25. Financial Instruments ...........................................................49
26. Reconciliation of Profit for the Period to
Net Cash Flows from Operating Activities .......................... 56
27. Commitments........................................................................ 57
28. Related Party Transactions................................................... 58
29. Subsequent Events................................................................ 59
30. Contingent Assets and Liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59
Independent Auditor’s Report..................................................... 60
MERIDIAN ENERGY LIMITED