✨ Auditor's Report on Financial Statements
Audit New Zealand
AUDITOR’S REPORT
TO THE READERS OF THE FINANCIAL STATEMENTS
OF THE POWER COMPANY LIMITED
We have audited the financial statements of The Power Company Limited on pages 3 to 16. The financial statements provide information about the past financial performance of The Power Company Limited and its financial position as at 31 March 2001. This information is stated in accordance with the accounting policies set out on pages 7 to 8.
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 Power Company Limited as at 31 March 2001 and the results of its operations and cash flows for the year then ended.
Auditor’s Responsibilities
It is the responsibility of the Audit Office to express an independent opinion on the financial statements presented by the Directors and report its opinion to you.
The Controller and Auditor-General has appointed Bede Kearney, 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 and performance information. It also includes assessing:
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the significant estimates and judgements made by the Board in the preparation of the financial statements; and
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whether the accounting policies are appropriate to The Power Company Limited 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, which 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, acting on behalf of the Controller and Auditor-General, we have no relationship with or interests in The Power Company Limited.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 106
Gazette.govt.nz —
NZ Gazette 2001, No 106
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🏭 Auditor's Report on Financial Statements of The Power Company Limited
🏭 Trade, Customs & IndustryFinancial statements, audit, The Power Company Limited, accounting policies, financial performance
- Bede Kearney, Appointed auditor for The Power Company Limited
- Bede Kearney, of Audit New Zealand