Tilt Renewables Ltd (Tilt) - financial report for the year ended 31 March 2021 - DISCUSS:

The accounting practices applied to property plant and equipment, and in particular, The financial report is prepared in accordance with New Zealand accounting standards.

- Are these consistent with those that would be applied if the financial report was prepared under Australian accounting standards? Why?

- With reference to the relevant paragraphs in the accounting standards, describe the accounting practices applied to property plant and equipment. What was the impact on the information provided in the financial report?

- A critical aspect of the application of the revaluation model is determination of fair value. With reference to the relevant paragraphs in the accounting standard how has this been determined?

- Are there any issues which should receive additional attention in the determination fair value. For example, why did the revenues from the sale of Large Scale Generation Certificates decline? Will this be permanent?