New Zealand Gazette – 2008 – No. 38

Page 890

✨ Audit Report



890 NEW ZEALAND GAZETTE, No. 38 26 FEBRUARY 2008

Deloitte

AUDIT REPORT

TO THE READERS OF THE FINANCIAL STATEMENTS OF MAINPOWER NEW ZEALAND LIMITED - LINES BUSINESS

We have audited the accompanying financial statements of MainPower New Zealand Limited - Lines Business. The financial statements provide information about the past financial performance of MainPower New Zealand 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 1 and 2.

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 MainPower New Zealand Limited - Lines Business as at 31 March 2007, and results of operations and cash flows for the year then ended.

Auditor's Responsibilities

It is our responsibility to express to you 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 Director in the preparation of the financial statements; and
  • whether the accounting policies are appropriate to MainPower New Zealand Limited - Lines Business’s 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 obtain 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 and the provision of financial advice, we have no relationship with or interests in MainPower New Zealand Limited - Lines Business.

Unqualified Opinion

We have obtained all the information and explanations we have required.

In our opinion:

  • proper accounting records have been maintained by MainPower New Zealand Limited - Lines Business as far as appears from our examination of those records; and
  • the financial statements referred to above:
    • comply with generally accepted accounting practice; and
    • give a true and fair view of the financial position of MainPower New Zealand Limited - Lines Business as at 31 March 2007 and the results of its operations and cash flows for the year then ended; and
    • comply with the Electricity Information Disclosure Requirements 2004.

Our audit was completed on 12 February 2008 and our unqualified opinion is expressed as at that date.

...

Chartered Accountants
Christchurch, New Zealand.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 38


Gazette.govt.nz — PDF NZ Gazette 2008, No 38




✨ LLM interpretation of page content

🏭 Audit Report for MainPower New Zealand Limited - Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
12 February 2008
Audit, Financial Statements, MainPower New Zealand Limited, Commerce Commission, Electricity Information Disclosure
  • Deloitte, Chartered Accountants