New Zealand Gazette – 1999 – No. 147

Page 3537

✨ Auditor's Report



11 OCTOBER
NEW ZEALAND GAZETTE
3537

ERNST & YOUNG
Chartered Accountants

AUDITOR’S REPORT

To the readers of the financial statements of Vector Limited.

We have audited the accompanying financial statements of Vector Limited. The financial statements provide information about the past financial performance of the company 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 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 the company 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.

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 company’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 information in the financial statements.

Ernst & Young provides taxation advice and undertakes consulting projects for the company.

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

In our opinion:

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

Our audit was completed on 31 August 1999 and our opinion is expressed as at that date.

Ernst & Young
Auckland



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✨ LLM interpretation of page content

💰 Certification of Valuation Report by Auditor (continued from previous page)

💰 Finance & Revenue
31 August 1999
Auditor Certification, Financial Statements, Vector Limited, Electricity Regulations
  • Ernst & Young, Chartered Accountants