✨ Auditor-General's Report
19 JANUARY 2005 NEW ZEALAND GAZETTE, No. 21 487
PricewaterhouseCoopers
119 Armagh Street
PO Box 13244
Christchurch
New Zealand
Telephone +64 3 374 3000
Facsimile +64 3 374 3001
Report of the Auditor-General
To the readers of the financial statements of Network Waitaki Limited - Lines Business
We have audited the accompanying financial statements of Network Waitaki Limited - Lines Business. The financial statements provide information about the past financial performance of Network Waitaki Limited – Lines Business and its financial position as at 31 March 2004. 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 Network Waitaki Limited - Lines Business as at 31 March 2004, and the results of operations and cash flows for the year ended on that date.
Auditors’ Responsibilities
Section 15 of the Public Audit Act 2001 and Regulation 30 of the Electricity Information Disclosure Requirements 2004 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 presented by the Directors and report that opinion to you.
The Auditor-General has appointed Maurice Noone of PricewaterhouseCoopers 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 Network Waitaki Limited - Lines Business’ 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 we considered necessary in order to provide us with sufficient evidence to obtain 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.
We have carried out other assignments for Network Waitaki Limited in the provision of other assurance services. Other than these assignments and in our capacity as auditor acting on behalf of the Auditor-General, we have no relationship with or interests in Network Waitaki Limited.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 21
Gazette.govt.nz —
NZ Gazette 2005, No 21
✨ LLM interpretation of page content
🏭
Certificate of Financial Statements and Performance Measures for Network Waitaki Limited
(continued from previous page)
🏭 Trade, Customs & Industry23 December 2004
Statutory Declaration, Electricity Information Disclosure, Network Waitaki Limited, Oamaru
- Maurice Noone, Auditor appointed by Auditor-General
- Auditor-General
- Maurice Noone, PricewaterhouseCoopers