New Zealand Gazette – 2005 – No. 149

Page 3663

✨ Audit Report Continuation



31 AUGUST 2005
NEW ZEALAND GAZETTE, No. 149
3663

Deloitte

Business. While required by the Requirements this treatment does not comply with generally accepted accounting practice.

These two entities do not form a group as defined in Financial Reporting Standard No.37: Consolidating Investments in Subsidiaries, but are owned in common by The Eastland Energy Community Trust.

In our opinion –

  • proper accounting records have been maintained by Eastland Network Limited as far as appears from our examination of those records;

  • the financial statements of Eastland Network Limited’s Lines Business on pages 2 to 15:
    (a) do not comply with generally accepted accounting practice in New Zealand; and
    (b) do not give a true and fair view of Eastland Network Limited’s Lines Business’s financial position as at 31 March 2005 and the results of its operations and cash flows for the year ended on that date, because of the non-compliance with Financial Reporting Standard No.37: Consolidating Investments in Subsidiaries.

  • the financial statements of Eastland Network Limited on pages 2 to 15 do comply with the Electricity Information Disclosure Requirements 2004.

Our audit was completed on 26 August 2005 our qualified opinion is expressed as at that date.

Bruce Taylor
Deloitte
On behalf of the Auditor-General
Hamilton, New Zealand



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 149


Gazette.govt.nz — PDF NZ Gazette 2005, No 149




✨ LLM interpretation of page content

💰 Auditor-General's Report on Eastland Network Limited Financial Statements (continued from previous page)

💰 Finance & Revenue
26 August 2005
Audit, Financial Statements, Eastland Network Limited, Deloitte, Financial Reporting Standard No.37, Electricity Information Disclosure Requirements 2004
  • Bruce Taylor, Deloitte, On behalf of the Auditor-General