3 Jan 2014
CLP POWER HONG KONG LTD v. COMMISSIONER OF RATING AND VALUATION
- Citation
- CLP POWER HONG KONG LTD v. COMMISSIONER OF RATING AND VALUATION
- Court
- Lands Tribunal
- Case number
- LDGA241/2004
The Tribunal held that Ms Jim's method of interpolating from CLP's 2004 accounts to derive exact per-customer growth rates was impermissible hindsight and rejected that approach; it adopted Mr Davis' Original Method (use of accounts to 31 Dec 2003 combined with customer numbers at 1 Apr 2004) to reflect physical and economic state; HT's AUC and CS are included in HT asset base (HL's AUC/CS are excluded); wayleaves, pole sites and DCS need not be separately included in the HL asset base because their contribution is captured in the divisible balance; the appropriate decapitalisation/capitalisa…