New Zealand Gazette – 2006 – No. 133

Page 3872

✨ Financial Audit Report



PRICEWATERHOUSECOOPERS

PricewaterhouseCoopers Logo

PricewaterhouseCoopers
119 Armagh Street
PO Box 13244
Christchurch, New Zealand
Telephone +64 3 374 3000
Facsimile +64 3 374 3001
www.pwc.com/nz

REPORT OF THE AUDITOR-GENERAL

TO THE READERS OF THE FINANCIAL STATEMENTS OF NETWORK WAITAKI LIMITED – LINES BUSINESS FOR THE YEAR ENDED 31 MARCH 2006

We have audited the financial statements of Network Waitaki Limited – Lines Business on pages 1 to 8. The financial statements provide information about the past financial performance of Network Waitaki Limited – Lines Business and its financial position as at 31 March 2006. This information is stated in accordance with the accounting policies set out on pages 5 and 6.

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 2006, and the results of its operations and cash flows for the year ended on that date.

Auditor’s Responsibilities

Section 15 of the Public Audit Act 2001 and Requirement 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 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’s circumstances, consistently applied and adequately disclosed.

We conducted the 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



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 133


Gazette.govt.nz — PDF NZ Gazette 2006, No 133




✨ LLM interpretation of page content

🏭 Network Waitaki Limited Financial Statements Certification (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Performance Measures, Electricity Information Disclosure Requirements, Network Waitaki Limited
  • Maurice Noone, Auditor-General