New Zealand Gazette – 2005 – No. 27

Page 631

✨ Auditor's Report on Vector Limited



25 JANUARY 2005 NEW ZEALAND GAZETTE, No. 27 631

KPMG

Auditors Report

To the readers of the financial statements of Vector Limited – Electricity Lines Business.

We have audited the accompanying 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 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 Vector Limited – Electricity Lines Business as at 31 March 2004, 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.

Partners and employees of our firm may also deal with the company on normal terms within the ordinary course of trading activities of the business of the company. These matters have not impaired our independence as auditors of the electricity lines business. The firm has no other relationship with, or interest in Vector Limited – Electricity Lines Business.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 27


Gazette.govt.nz — PDF NZ Gazette 2005, No 27




✨ LLM interpretation of page content

🏭 Vector Limited Disclosure under Commerce Act 1986 (continued from previous page)

🏭 Trade, Customs & Industry
17 December 2004
Commerce Act, Disclosure, Vector Limited, Financial Statements, Performance Measures

🏭 Auditor's Report on Vector Limited – Electricity Lines Business

🏭 Trade, Customs & Industry
Audit, Financial Statements, Commerce Commission, Electricity Information Disclosure Requirements, Vector Limited
  • KPMG