New Zealand Gazette – 2008 – No. 30

Page 675

✨ Valuation Report and Auditor Opinion

ODV valuation

The Optimised Deprival Value (ODV) of the network was assessed by Electra and audited by PricewaterhouseCoopers as at 31 March 2004.

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AUDITOR-GENERAL’S OPINION ON THE VALUATION REPORT OF ELECTRA LIMITED (LINES BUSINESS)

We have examined the valuation report of Electra Limited (Lines Business) and dated 6 December 2004 which report contains valuations of system fixed assets as at 31 March 2004.

In our opinion, having made all reasonable enquiry, and to the best of our knowledge, the valuations contained in the report, including the total valuation of system fixed assets of $\$101,173,264**, have been made in accordance with the ODV Handbook (as defined in the Commerce Commission’s Electricity Information Disclosure Requirements 2004).

Signature

Fred Hutchings
On behalf of the Auditor-General
Wellington, New Zealand
8 December 2004

PricewaterhouseCoopers

MATTERS RELATING TO THE PUBLICATION OF THE VALUATION REPORT IN THE NEW ZEALAND GAZETTE

This opinion relates to the Valuation Report of Electra Limited (Lines Business) for the year ended 31 March 2004 that have been published in the New Zealand Gazette. The New Zealand Gazette is required to publish hard copies of the Valuation Report and the related opinion of Electra Limited (Lines Business) for the year ended 31 March 2004, and to include an electronic version of the published New Zealand Gazette on the New Zealand Gazette’s website.

We have not been engaged to report on the integrity of the Valuation Report of Electra Limited (Lines Business) that have been published on the New Zealand Gazette’s website. We accept no responsibility for any changes that may have occurred to the Valuation Report since it was initially signed and published.

This opinion refers only to the Valuation Report named above. If readers of this opinion are concerned with the inherent risks arising from electronic data communication, they should refer to the original signed and published hard copy of the Valuation Report and related opinion dated 8 December 2004 to confirm the information included in the Valuation Report published in the New Zealand Gazette or on the New Zealand Gazette’s website.

Legislation in New Zealand governing the preparation and dissemination of financial information may differ from legislation in other jurisdictions.

19 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 30 675

VUW Te Waharoa — NZ Gazette 2008, No 30

Gazette.govt.nz — NZ Gazette 2008, No 30

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✨ LLM interpretation of page content

💰 Auditor-General’s Opinion on the Valuation Report of Electra Limited

Domain💰 Finance & Revenue
Dated8 December 2004
KeywordsValuation Report, Electra Limited, Auditor-General, ODV, Audit
👩‍💼 Officials

Fred Hutchings, On behalf of the Auditor-General

📰 Matters Relating to the Publication of the Valuation Report

Domain📰 NZ Gazette
Dated19 February 2008
KeywordsPublication, Valuation Report, New Zealand Gazette, Electronic Data Communication

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