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GWRC is a regional local authority governed by the Local Government Act 2002. It has not presented group prospective financial statements because it believes that the parent prospective financial statements are more relevant to users.

The main purpose of prospective financial statements in the Long-Term Plan is to provide users with information about the core services that GWRC intends to provide ratepayers, the expected cost of those services and, as a consequence, how much GWRC requires by way of rates to fund the intended levels of service. The level of rates funding required is not affected by subsidiaries, except to the extent that GWRC obtains distributions from, or further invests in, those subsidiaries. Such effects are included in the prospective financial statements presented.