✨ Auditor's Report
Auditors Report
To the readers of the financial statements of Vector Electricity Lines Business.
We have audited the accompanying special purpose information disclosure statements of Vector Electricity Lines Business. The special purpose information disclosure statements provide information about the past financial performance of Vector Electricity Lines Business and its financial position as at 31 March 2007. This information is stated in accordance with the accounting policies set out in the special purpose financial statements.
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 Vector Electricity Lines Business as at 31 March 2007, and the results of operations and cash flows for the year then ended.
Auditor’s Responsibilities
It is our responsibility to express an independent opinion on the special purpose information disclosure 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 special purpose information disclosure statements. It also include 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 Vector Electricity 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 give reasonable assurance that the special purpose information disclosure statements are free from misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the special purpose information disclosure statements.
Our firm has also provided other services to the company in relation to other audit related services. Partners and employees of our firm may also deal with the company on normal terms within the ordinary course of trading activities of the business of the company. These matters have not impaired our independence as auditors of the electricity lines business. The firm has no other relationship with, or interest in Vector Limited – Electricity Lines Business.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 39
Gazette.govt.nz —
NZ Gazette 2008, No 39
✨ LLM interpretation of page content
🏭 Auditors Report for Vector Electricity Lines Business
🏭 Trade, Customs & IndustryAuditors Report, Financial Statements, Vector Electricity Lines Business, Commerce Act 1986