✨ Audit Report
21 JANUARY 2005 NEW ZEALAND GAZETTE, No. 24 561
PricewaterhouseCoopers
188 Quay Street
Private Bag 92162
Auckland, New Zealand
DX CP24078
Telephone +64 9 355 8000
Facsimile +64 9 355 8001
REPORT OF THE AUDITOR-GENERAL
To the readers of the financial statements of Counties Power Limited - Lines Business
We have audited the accompanying financial statements of Counties Power Limited - Lines Business. The financial statements provide information about the past financial performance of Counties Power 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 Counties Power 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 Graeme Pinfold 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 Counties Power 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 which 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 Counties Power 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 Counties Power Limited.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 24
Gazette.govt.nz —
NZ Gazette 2005, No 24
✨ LLM interpretation of page content
💰
Audit Report for Counties Power Limited - Lines Business
(continued from previous page)
💰 Finance & RevenueAudit, Financial Statements, Commerce Act 1986, Public Audit Act 2001, Electricity Information Disclosure
- Graeme Pinfold, Auditor