FINANCIAL STATEMENTS For the year ended 31 March 2018
Tilt Renewables is pleased to present its audited financial statements. Tilt Renewables demerged from Old Trustpower on 31 October 2016, and for comparative purposes, the prior period financial statements have been prepared as if the demerged Tilt Renewables had been a stand alone entity since 1 April 2016. The notes to our financial statements have been grouped into the broad categories that the Directors consider most relevant when evaluating the performance of Tilt Renewables. The categories are: Generation
Notes
3-8
Funding
Notes
9-11
Equity
Notes
12-16
Tax, related parties and other notes
Notes 17-22
There is also an appendix, from notes A1 to A19, which contains additional detailed disclosure readers may wish to consider to supplement the disclosures in the primary sections of notes listed above. There is also a profitability analysis for the generation segments included in note 3. Note index Basis of preparation
1
Segment information
2
Profitability analysis
3
Property, plant and equipment
4
Intangible assets
5
Key assumptions and judgements
6
Business combinations
7
Financial risk management – generation
8
Borrowings
9
Finance income and costs
10
Financial risk management – funding
11
Equity
12
Share capital
13
Dividends on ordinary shares
14
Imputation and franking credit account
15
Financial risk management – equity
16
Income tax expense
17
Deferred income tax
18
Key assumptions and judgements – tax
19
Contingent liabilities and subsequent events
20
Other commitments
21
Related party transactions
22
Accounting policies can be found throughout the notes to the financial statements and are denoted by a shaded box surrounding them. 42 Tilt Renewables