New Zealand Gazette – 1999 – No. 112

Page 2682

✨ Audit Report



2682 NEW ZEALAND GAZETTE No. 112

Deloitte Touche Tohmatsu

The Lines Company Limited has taken advantage of these exemptions and has allocated cashflows between its business units in preparing the Statement of Cashflows and not reported the cashflows directly from the Statement of Financial Position. In reporting the company has not disclosed comparative figures for new disclosures in the current year. To this extent, the financial statements of The Lines Company Limited do not comply with Financial Reporting Standard No. 10, Statement of Cashflows, and Reporting Standard No. 2, Presentation of Financial Reports or the Electricity (Information Disclosure) Regulations 1999.

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

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

In our opinion, except for the preparation of the Statement of Cashflows and omission of comparative figures referred to above, the financial statements of The Lines Company Limited on pages 1 to 11:

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

In our opinion, having made all reasonable enquiry, to the best of our knowledge the financial performance measures set out on pages 12 to 15 including:

  • the derivation table in accordance with regulation 16; and
  • the financial performance measures specified in clause 1 of Part 3 Schedule 1 of the Electricity (Information Disclosure) Regulations 1999; and
  • the financial components of the efficiency performance measures specified in clause 2 of Part 3 of that schedule for the purposes of regulation 15 of those regulations,

have been prepared in accordance with the Electricity (Information Disclosure) Regulations 1999.

Our audit was completed on 23 August 1999 and our qualified opinion is expressed as at that date.

Signature

BRUCE TAYLOR
DELOITTE TOUCHE TOHMATSU
ON BEHALF OF THE CONTROLLER AND AUDITOR-GENERAL
HAMILTON, NEW ZEALAND

Department of Internal Affairs

DEPARTMENT OF INTERNAL AFFAIRS
TE TARI TAWHENDHA
PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS:
LEGISLATION DIRECT, WELLINGTON, NEW ZEALAND—1999
ISSN 0111-5650 Price $3.95 (inc. G.S.T.) 32345–99A


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✨ LLM interpretation of page content

💰 Audit Report of The Lines Company Limited Financial Statements (continued from previous page)

💰 Finance & Revenue
23 August 1999
Audit, Financial statements, The Lines Company Limited, Accounting policies, Directors' responsibilities, Auditors' responsibilities, Qualified opinion
  • BRUCE TAYLOR, DELOITTE TOUCHE TOHMATSU, ON BEHALF OF THE CONTROLLER AND AUDITOR-GENERAL