✨ Auditor-General's Report
6 OCTOBER NEW ZEALAND GAZETTE 3759
AUDITOR-GENERAL’S OPINION ON THE AMENDED PERFORMANCE MEASURES OF NELSON ELECTRICITY LIMITED
We have examined the information on pages 8, 11 and 12, being -
(a) the derivation table specified in regulation 16;
(b) the annual ODV reconciliation report in regulation 16A;
(c) the financial performance measures specified in clause 1 of Part 3 of the Schedule 1; and
(d) the financial components of the efficiency performance measures specified in clause 2 of Part 3 of that schedule 1, -
that were prepared by Nelson Electricity Limited and dated 31 March 2003 for the purposes of regulation 15 of the Electricity (Information Disclosure) Regulations 1999.
As stated in note 15, this performance measures information replaces the information in the Information Disclosure of Nelson Electricity Limited for the year ended 31 March 2003 and previously included in New Zealand Gazette No 107, dated 20 August 2003. The performance measures information has been amended to:
- include adjusted net working capital at the end of previous financial year of $255,000 and adjusted net working capital at the end of the current financial year of $253,000.
- Reflect consequent changes to the financial performance measures which are based on average total funds employed.
In our opinion, having made all reasonable enquiry, to the best of our knowledge, that information has been prepared in accordance with the Electricity (Information Disclosure) Regulations 1999.

B F Kearney
Audit New Zealand
On behalf of the Auditor-General
Christchurch, New Zealand
30 September 2003
PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS

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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 140
Gazette.govt.nz —
NZ Gazette 2003, No 140
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Auditor-General's Opinion on Nelson Electricity Limited Performance Measures
(continued from previous page)
🏗️ Infrastructure & Public Works30 September 2003
Auditor-General, Nelson Electricity Limited, Performance Measures, Financial Statements, Electricity (Information Disclosure) Regulations 1999
- B F Kearney, Audit New Zealand, On behalf of the Auditor-General