New Zealand Gazette – 2002 – No. 132

Page 3563

✨ Audit Report



Audit New Zealand

REPORT OF THE AUDIT OFFICE

TO THE READERS OF THE FINANCIAL STATEMENTS OF
CENTRALINES LIMITED
FOR THE YEAR ENDED 31 MARCH 2002

We have audited the financial statements of Centralines Limited on pages 1 to 6 and 9 to 16. The financial statements provide information about the past financial performance of Centralines Limited and its financial position as at 31 March 2002. 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 that give a true and fair view of the financial position of Centralines Limited as at 31 March 2002, and results of operations and cash flows for the year ended on that date.

Auditor's responsibilities

Section 15 of the Public Audit Act 2001 and Regulation 31 of the Electricity (Information Disclosure) Regulations 1999 require the Auditor-General to audit the financial statements. It is the responsibility of the Auditor-General to express an independent opinion on the financial statements and report that opinion to you.

The Auditor-General has appointed V F Sears, 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. 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 Centralines Limited's circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with the Auditing Standards published by the Auditor-General, which incorporate the Auditing Standards issued by the Institute of Chartered Accountants of New Zealand. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order 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.



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 132


Gazette.govt.nz — PDF NZ Gazette 2002, No 132




✨ LLM interpretation of page content

🏭 Centralines Limited Annual Valuation Reconciliation Report (continued from previous page)

🏭 Trade, Customs & Industry
Audit, Financial Statements, Centralines Limited, Electricity Regulations
  • V F Sears, Audit New Zealand