✨ Auditor's Report
672 NEW ZEALAND GAZETTE, No. 30 19 FEBRUARY 2008
Deloitte.
AUDITOR’S REPORT
TO THE READERS OF THE FINANCIAL STATEMENTS OF ELECTRA LIMITED LINES BUSINESS FOR THE YEAR ENDED 31 MARCH 2007
We have audited the financial statements on pages 2 to 20. The financial statements provide information about the past financial performance of Electra Limited Lines Business and its financial position as at 31 March 2007. This information is stated in accordance with the accounting policies set out on pages 5 to 7.
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 Electra Limited Lines Business as at 31 March 2007, and results of operations and cash flows for the year then ended.
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 G R Mitchell of Deloitte 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 Electra 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 capacity as auditor acting on behalf of the Auditor-General, and general taxation compliance services, we have no relationship with or interests in Electra Limited.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 30
Gazette.govt.nz —
NZ Gazette 2008, No 30
✨ LLM interpretation of page content
🏭 Auditor's Report on Financial Statements of Electra Limited Lines Business
🏭 Trade, Customs & IndustryFinancial Statements, Audit, Electra Limited, Commerce Commission, Public Audit Act
- G R Mitchell of Deloitte