New Zealand Gazette – 2003 – No. 102

Page 2721

✨ Financial Audit Report



15 AUGUST
NEW ZEALAND GAZETTE
2721

Auditors’ Report

To the readers of the financial statements of Alpine Energy Limited – Lines Business

We have audited the accompanying financial statements of Alpine Energy Limited – Lines Business. The financial statements provide information about the past financial performance and cash flows of Alpine Energy Limited – Lines Business and its financial position as at 31 March 2003. 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 Alpine Energy Limited – Lines Business as at 31 March 2003, 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 Alpine Energy 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 Alpine Energy 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 Alpine Energy 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 Alpine Energy Limited – Lines Business as at 31 March 2003 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 25 July 2003 and our unqualified opinion is expressed as at that date.

M G Noone
Partner
PricewaterhouseCoopers
On behalf of the Controller and Auditor General
Christchurch
25 July 2003



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 102


Gazette.govt.nz — PDF NZ Gazette 2003, No 102




✨ LLM interpretation of page content

🌾 Alpine Energy Limited Financial Performance Measures (continued from previous page)

🌾 Primary Industries & Resources
25 July 2003
Audit Report, Financial Statements, Alpine Energy Limited, Electricity, Information Disclosure, Regulations, Accounting Practices
  • M G Noone, Partner, PricewaterhouseCoopers, On behalf of the Controller and Auditor General