✨ Financial Audit Report




6 SEPTEMBER NEW ZEALAND GAZETTE 2645

PRICEWATERHOUSECOOPERS

Qualified Opinion – Comparative Cashflow Figures Omitted

Paragraph 2.18 of the Electricity Information Disclosure Handbook issued by the Ministry of Commerce permits energy companies to exclude comparative figures where disclosures are made for the first time for the current disclosure year. Alpine Energy Limited has taken advantage of this exemption and has not disclosed comparative figures in these circumstances. To this extent, the financial statements of Alpine Energy Limited do not comply with Financial Reporting Standard No 2, Presentation of Financial Reports, or the Electricity (Information Disclosure) Regulations 1999.

We have obtained all the information and explanations we have required.

In our opinion, proper accounting records have been kept by Alpine Energy Limited as far as appears from our examination of those records.

In our opinion, except for the omission of comparative figures referred to above, the financial statements of Alpine Energy Limited on pages 1 to 13:

  • comply with generally accepted accounting practice; and
  • give a true and fair view of:
    • the financial position as at 31 March 1999; and
    • the results of its operations and cash flows for the year ended on that date; and
  • comply with the Energy (Information Disclosure) Regulations 1999.

Our audit was completed on 19 August 1999 and our qualified opinion is expressed as at that date.

MG Noone
Partner
PricewaterhouseCoopers
On behalf of the Controller and Auditor General
Christchurch
19 August 1999



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✨ LLM interpretation of page content

πŸ’° Audit of Alpine Energy Limited Financial Statements (continued from previous page)

πŸ’° Finance & Revenue
19 August 1999
Financial Statements, Audit, Electricity, Accounting Policies
  • MG Noone, Partner, PricewaterhouseCoopers