✨ Auditors' Report
NEW ZEALAND GAZETTE
19 AUGUST
2883
PricewaterhouseCoopers
119 Armagh Street
P.O Box 11244
Christchurch, New Zealand
Telephone +64 3 374 3000
Facsimile +64 3 374 3001
Auditors’ Report
To the readers of the financial statements of Network Waitaki Limited – Lines Business
We have audited the accompanying financial statements of Network Waitaki Limited – Lines Business. The financial statements provide information about the past financial performance and cash flows of Network Waitaki Limited – Lines Business and its financial position as at 31 March 2002. This information is stated in accordance with the accounting policies set out in the Statement of Accounting Policies.
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 Network Waitaki Limited – Lines Business as at 31 March 2002, 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 Network Waitaki Limited – Lines 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 to provide us with 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.
Other than in our capacities as auditors we have no relationship with or interests in Network Waitaki Limited.
Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion:
(a) proper accounting records have been kept by Network Waitaki Limited as far as appears from our examination of those records; and
(b) the financial statements referred to above:
(i) comply with generally accepted accounting practice; and
(ii) give a true and fair view of the financial position of Network Waitaki Limited – Lines Business as at 31 March 2002 and the results of its operations and cash flows for the year then ended; and
(iii) comply with the Electricity (Information Disclosure) Regulations 1999.
Our audit was completed on 9 August 2002 and our unqualified opinion is expressed as at that date.
M G Noone
Partner
PricewaterhouseCoopers
On behalf of the Controller and Auditor General
Christchurch
9 August 2002
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 106
Gazette.govt.nz —
NZ Gazette 2002, No 106
✨ LLM interpretation of page content
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Certificate of Valuation Report for Network Waitaki Limited
(continued from previous page)
🏗️ Infrastructure & Public Works9 August 2002
Audit, Valuation Report, PricewaterhouseCoopers, Network Waitaki Limited, Financial Statements
- M G Noone, Partner, PricewaterhouseCoopers