New Zealand Gazette – 1999 – No. 107

Page 2563

✨ Auditors Report for Horowhenua Energy Limited



1 SEPTEMBER NEW ZEALAND GAZETTE 2563
Horowhenua Energy Limited Line Business – Disclosure 1999

AUDITORS REPORT

TO THE READERS OF THE FINANCIAL STATEMENTS OF

HOROWHENUA ENERGY LIMITED LINE BUSINESS

FOR THE YEAR ENDED 31 MARCH 1999

We have audited the financial statements of Horowhenua Energy Limited lines business on pages 2 to 13. The financial statements provide information about the past financial performance of Horowhenua Energy Limited lines business and its financial position as at 31 March 1999. This information is stated in accordance with the accounting policies set out on pages 5 and 6.

Directors Responsibilities

The Electricity (Information Disclosure) Regulations 1999 require the Directors to prepare financial statements which give a true and fair view of the financial position of Horowhenua Energy Limited line business as at 31 March 1999, and the results of its operations and cash flows for the year then ended

Auditors Responsibilities

It is our responsibility to express an independent opinion on the financial statements presented by the Directors and report our opinion to you.

Basis of Opinion

An audit includes examining, on a test basis evidence relevant to the amounts and disclosures in the financial statements. It also includes assessing:

  • the significant estimates and judgements made by the Directors in the preparation of the financial statements; and
  • whether the accounting policies are appropriate to Horowhenua Energy Limited’s circumstances, consistently applied and adequately disclosed

We conducted our audit in accordance with generally accepted auditing standards in New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary. We obtained sufficient evidence to give reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of the financial statements.

Our firm carries out other assignments on behalf of the company in the areas of taxation and consulting advice. Other than in these capacities as auditors, we have no relationship or interests in the company.

Unqualified Opinion

We have obtained all the information and explanations we have required
In our opinion:

  • proper accounting records have been kept by Horowhenua Energy Limited as far as appears from our examination of those records
  • the financial statements referred to above:
    • comply with generally accepted accounting practice; and
    • give a true and fair view of Horowhenua Energy Limited line business as at 31 March 1999 and the results of its operations and cash flows for the year ended; and
    • comply with the Electricity (Information Disclosure) Regulations 1999.

Our audit was completed on 29 June 1999 and our opinion is expressed as at that date.

Ivan Booth
PricewaterhouseCoopers
On behalf of the Controller and Auditor-General
Palmerston North
New Zealand

29 June 1999



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✨ LLM interpretation of page content

🏭 Financial and Performance Disclosure by Horowhenua Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
29 June 1999
Electricity, Financial Disclosure, Performance Measures, Horowhenua Energy Limited, Auditors Report, Financial Statements, Accounting Practices
  • Ivan Booth, PricewaterhouseCoopers, On behalf of the Controller and Auditor-General