✨ Auditors' Report
FORM 1: AUDITORS' REPORT
To the readers of the financial statements of UnitedNetworks.
We have audited the accompanying financial statements of UnitedNetworks. The financial statements provide information about the past financial performance of UnitedNetworks and its financial position as at 31 March 2002. This information is stated in accordance with the accounting policies set out in section 2.5 (1).
Directors' Responsibilities
The Electricity (Information Disclosure) Regulations 1999, read with Electricity (Information Disclosure) Amendment Regulations 2000 require the Directors to prepare financial statements which give a true and fair view of the financial position of UnitedNetworks as at 31 March 2002, and results of operations and cash flows for the year then ended.
Auditors' 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 judgments made by the Directors in the preparation of the financial statements; and
- whether the accounting policies are appropriate to UnitedNetworks 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.
In addition to our capacity as auditors, our firm carries out consultancy assignments and provides taxation advice to UnitedNetworks.
Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion, proper accounting records have been kept by UnitedNetworks as far as appears from our examination of those records.
In our opinion the financial statements of UnitedNetworks in Section 2:
- comply with generally accepted accounting practice in New Zealand; and
- give a true and fair view of:
- the financial position as at 31 March 2002; and
- the results of its operations and cash flows for the year ended on that date; and
- comply with the Electricity (Information Disclosure) Regulations 1999, read with Electricity (Information Disclosure) Amendment Regulations 2000
Our audit was completed on 16th August 2002 and our opinion is expressed as at that date.
Ernst & Young
Chartered Accountants
Auckland
New Zealand
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 122
Gazette.govt.nz —
NZ Gazette 2002, No 122
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Auditors' Report for UnitedNetworks Financial Statements
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🏭 Trade, Customs & Industry16 August 2002
Financial Statements, Audit, UnitedNetworks, Electricity, Information Disclosure
- Ernst & Young, Chartered Accountants