✨ Audit Report
AUDIT NEW ZEALAND
AUDIT REPORT
TO THE READERS OF THE FINANCIAL STATEMENTS OF
ORION NEW ZEALAND LIMITED
FOR THE YEAR ENDED 31 MARCH 2006
We have audited the financial statements of Orion New Zealand Limited (the company) on pages 2 to 21. The financial statements provide information about the past financial performance of the company and its financial position as at 31 March 2006. This information is stated in accordance with the accounting policies set out on pages 7 and 8.
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 the company 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 me, Julian Tan, using the staff and resources of Audit New Zealand 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:
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the significant estimates and judgements made by the Directors in the preparation of the financial statements; and
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whether the accounting policies are appropriate to the company’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 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
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 146
Gazette.govt.nz —
NZ Gazette 2006, No 146
✨ LLM interpretation of page content
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Certification of financial statements and performance measures
(continued from previous page)
🏭 Trade, Customs & Industry7 November 2006
Financial statements, Performance measures, Certification, Orion New Zealand Limited
- Julian Tan, Auditor appointed by Auditor-General
- Julian Tan, Auditor