Related party transactions Financial assets and financial liabilities obtained in related party transactions are initially measured at cost. Gains or losses arising on initial measurement differences are generally recognized in net surplus...
AI summary The text outlines accounting rules for related party transactions, specifying initial measurement at cost and subsequent measurement at cost less impairment. Gains/losses are recognized in net surplus or equity depending on whether transactions occur in the normal course of operations.
General Index of Financial Information Notes to the financial statements recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive costs...
AI summary The document outlines the Corporation's accounting policies, including expense recognition for incentive costs, cloud computing arrangements, cash management, financial instruments measurement, impairment testing, related party transactions, and investment categorization. Key points include amortized cost for financial assets, fair value for pooled funds, and specific treatment of guaranteed investment certificates and private equity investments.
NC. (continued) On August 29, 2017 the NSUARB approved the Corporation's Code of Conduct ("the Code"). The Code governs transactions between the Corporation's electricity efficiency and conservation activities and its Affiliates. 6. LOAN R...
AI summary The NSUARB approved the Corporation's Code of Conduct in August 2017, which governs transactions between the Corporation's electricity efficiency and conservation activities and its Affiliates. The text also mentions a loan receivable and provides some corporate details such as the business number and tax year end.
Related party transactions Financial assets and financial liabilities obtained in related party transactions are initially measured at cost. Gains or losses arising on initial measurement differences are generally recognized in net surplus...
AI summary The text outlines accounting rules for related party transactions, stating financial assets and liabilities are initially measured at cost. Gains/losses from initial measurement differences are recognized in net surplus (normal operations) or equity (non-normal operations). Subsequent measurement follows initial method, with impairment adjustments for financial assets.