✨ Audit Report
7 SEPTEMBER NEW ZEALAND GAZETTE 2681
Deloitte Touche Tohmatsu
REPORT OF THE AUDIT OFFICE
TO THE READERS OF THE FINANCIAL STATEMENTS OF
THE LINES COMPANY LIMITED
(FORMERLY WAITOMO ENERGY LIMITED)
FOR THE YEAR ENDED 31 MARCH 1999
We have audited the accompanying financial statements of The Lines Company Limited. The financial statements provide information about the past financial performance of The Lines Company Limited and its financial position as at 31 March 1999. This information is stated in accordance with the accounting policies set out on pages 5 to 7.
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 The Lines Company Limited as at 31 March 1999 and of the results of the 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.
The Controller and Auditor General has appointed Bruce Taylor of Deloitte Touche Tohmatsu to undertake the audit.
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 The Lines Company Limited circumstances, consistently applied and adequately disclosed.
We conducted our audit in accordance with generally accepted auditing standards, including the Auditing Standards issued by the Institute of Chartered Accountants of New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with 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 information in the financial statements.
Other than in our capacity as auditor the firm has no other relationship with or interests in The Lines Company Limited or its subsidiaries.
Qualified Opinion – Statement of Cashflows and Comparative Figures
The Electricity Information Disclosure Handbook issued by the Ministry of Commerce permits energy companies to prepare the Statement of Cashflows upon an allocation basis consistent with that used in the Statement of Financial Position and reporting entities are permitted to exclude comparative figures where disclosures are made for the first time for the current disclosure year.
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VUW Te Waharoa —
NZ Gazette 1999, No 112
NZLII —
NZ Gazette 1999, No 112
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Audit Report of The Lines Company Limited Financial Statements
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💰 Finance & RevenueAudit, Financial statements, The Lines Company Limited, Accounting policies, Directors' responsibilities, Auditors' responsibilities, Qualified opinion
- Bruce Taylor, Auditor from Deloitte Touche Tohmatsu