New Zealand Gazette – 2008 – No. 43

Page 1265

✨ Audit Report



29 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 43 1265

PRICEWATERHOUSECOOPERS

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 auditors and providers of other professional services we have no relationship with or interests in The Power Company Limited or any of its subsidiaries.

Unqualified Opinion

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

In our opinion -

  • proper accounting records have been maintained by The Power Company Limited – Line Business as far as appears from our examination of those records; and

  • the financial statements of the Line Business of the Company and Group on pages 2 to 13:

    (a) comply with generally accepted accounting practice in New Zealand; and

    (b) give a true and fair view of the financial position of the Line Business Company and Group as at 31 March 2007 and the results of their operations and cash flows for the year ended on that date; and

    (c) comply with the Electricity Information Disclosure Requirements 2004.

Our audit was completed on 20 February 2008 and our unqualified opinion is expressed as at that date.

Signature

Chartered Accountants Dunedin

MATTERS RELATING TO THE PUBLICATION OF THE AUDITED FINANCIAL STATEMENTS IN THE NEW ZEALAND GAZETTE

This audit report relates to the financial statements of The Power Company Limited for the year ended 31 March 2007 that have been published in the New Zealand Gazette. The New Zealand Gazette is required to publish hard copies of audited financial statements and the related audit report of The Power Company Limited for the year ended 31 March 2007, 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 financial statements of The Power Company Limited that have been published on the New Zealand Gazette’s website. We accept no responsibility for any changes that may have occurred to the financial statements since they were initially signed and published.

This audit report refers only to the financial statements named above. If readers of this audit report are concerned with the inherent risks arising from electronic data communication, they should refer to the original signed and published hard copy of the audited financial statements and related audit report dated 20 February 2008 to confirm the information included in the audited financial statements 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.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 43


Gazette.govt.nz — PDF NZ Gazette 2008, No 43




✨ LLM interpretation of page content

🏭 Audit Report for The Power Company Limited – Line Business (continued from previous page)

🏭 Trade, Customs & Industry
20 February 2008
Audit report, Financial statements, The Power Company Limited, Line Business, Commerce Commission, Electricity Information Disclosure Requirements 2004, Commerce Act 1986
  • PricewaterhouseCoopers