New Zealand Gazette – 1999 – No. 170

Page 4057

✨ Auditors Report



15 NOVEMBER NEW ZEALAND GAZETTE 4057

PRICEWATERHOUSECOOPERS

PricewaterhouseCoopers
113-119 The Terrace
PO Box 243
Wellington, New Zealand

AUDITORS REPORT

To the readers of the financial statements of the Electricity Corporation of New Zealand Limited.

We have audited the accompanying financial statements on pages 4038 to 4055 of the Electricity Corporation of New Zealand Limited. The financial statements provide information about the past financial performance of the Electricity Corporation of New Zealand Limited and its financial position as at 31 March 1999. This information is stated in accordance with the accounting policies set out on pages 4042 to 4045.

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 Electricity Corporation of New Zealand as at 31 March 1999, and the 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 Electricity Corporation of New Zealand Limited’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.



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🏗️ Electricity Corporation of New Zealand Limited Financial Statements Audit Report (continued from previous page)

🏗️ Infrastructure & Public Works
Financial audit, Electricity Corporation, Financial statements, Accounting policies, Directors responsibilities