Statement of Accounting Policies
for the year ended 30 June 2009
Measurement and recognition rules applied in the preparation of these non-departmental supplementary financial schedules are consistent with NZ GAAP and Crown accounting policies and are detailed in the Financial Statements of the Government except for:
- The investment in State-Owned Enterprises and Crown entities is recognised in Vote Finance at the lower of historic cost and fair value. The net assets of these entities are consolidated in the Financial Statements of the Government and the Crown's investment is eliminated.
The financial information reported in these schedules is consolidated into the Financial Statements of the Government, and therefore readers of these schedules should also refer to the Financial Statements of the Government for the year ended 30 June 2009.
