✨ Financial Statements Audit Report
27 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 151
4395
PricewaterhouseCoopers
Auditors’ Report
To the readers of the financial statements of Horizon Energy Distribution Limited - Lines Business
We have audited the accompanying financial statements of Horizon Energy Distribution Limited - Lines Business. The financial statements provide information about the past financial performance of Horizon Energy Distribution Limited – Lines Business and its financial position as at 31 March 2006. 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 Horizon Energy Distribution Limited - Lines Business as at 31 March 2006, and the results of operations and cash flows for the year then ended.
Auditors’ 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 judgements made by the Directors in the preparation of the financial statements; and
- whether the accounting policies are appropriate to Horizon Energy Distribution Limited - 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.
Other than in our capacities as auditors and the provision of other assurance services we have no relationship with or interests in Horizon Energy Distribution Limited.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 151
Gazette.govt.nz —
NZ Gazette 2006, No 151
✨ LLM interpretation of page content
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Notes to the Financial Statements for Horizon Energy Distribution Limited
(continued from previous page)
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