✨ Auditors Report
30 AUGUST 2005 NEW ZEALAND GAZETTE, No. 147 3599
Auditors Report
To the readers of the financial statements of Vector Limited – Electricity Lines Business
We have audited the accompanying Statement of Financial Performance, Statement of Movements in Equity, Statement of Financial Position, Statement of Cash Flows, Statement of Accounting Policies and Notes 1 to 27 to the Financial Statements of Vector Limited – Electricity Lines Business. The financial statements provide information about the past financial performance of Vector Limited – Electricity Lines Business and its financial position as at 31 March 2005. This information is stated in accordance with the accounting policies set out in the Statement of Accounting Policies.
Directors' Responsibilities
The Commerce Commission’s Electricity Information Disclosure Requirements 2004 made under section 57T of the Commerce Act 1986 require the Directors to prepare financial statements which give a true and fair view of the financial position of Vector Limited – Electricity Lines Business as at 31 March 2005, and 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 judgments made by the Directors in the preparation of the financial statements; and
- whether the accounting policies are appropriate to Vector Limited – Electricity 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. 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.
Our firm has also provided other services to the company in relation to taxation and other audit related services. KPMG Transaction Services Limited, a related company, has performed financial advisory services for the company. Partners and employees of our firm may also deal
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 147
Gazette.govt.nz —
NZ Gazette 2005, No 147
✨ LLM interpretation of page content
🏭 Auditors Report on Vector Limited's Financial Statements
🏭 Trade, Customs & IndustryAuditors Report, Financial Statements, Vector Limited, Electricity Lines Business, Commerce Commission
- KPMG