New Zealand Gazette – 1999 – No. 146

Page 3489

✨ Audit Report



11 OCTOBER NEW ZEALAND GAZETTE 3489

Audit New Zealand

AUDITOR’S REPORT

TO THE READERS OF THE FINANCIAL STATEMENTS OF NORTHPOWER LIMITED’S LINE BUSINESS

We have audited the accompanying financial statements of Northpower Limited’s Line Business on pages 1 to 8. The financial statements provide information about the past financial performance of Northpower Limited’s Line Business and its financial position as at 31 March 1999. This information is stated in accordance with the accounting policies set out on pages 1 to 2.

Director’s 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 Northpower Limited’s Line Business as at 31 March 1999, and results of operations and cash flows for the year then ended.

Auditor’s 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 R H D Moore, of Audit New Zealand, 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 Northpower Limited’s Line Business 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 information in the financial statements.



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✨ LLM interpretation of page content

💰 Audit Report for Northpower Limited’s Line Business (continued from previous page)

💰 Finance & Revenue
11 October 1999
Audit, Financial Statements, Northpower Limited, Line Business, Electricity, Information Disclosure
  • R H D Moore, of Audit New Zealand