✨ Financial Audit Report
4 AUGUST 2009 NEW ZEALAND GAZETTE, No. 112 2565
PricewaterhouseCoopers
PricewaterhouseCoopers
119 Armagh Street
PO Box 13244
Christchurch
New Zealand
Telephone +64 3 374 3000
Facsimile +64 3 374 3001
Auditors’ Report
To the Trustees of The Canterbury Community Trust
We have audited the financial statements on pages 2 to 22. The consolidated financial statements provide information about the past financial performance and cash flows of the Trust and subsidiaries for the year ended 31 March 2009 and their financial position as at that date. This information is stated in accordance with the accounting policies set out on pages 5 to 10.
Trustees’ Responsibilities
The Trustees are responsible for the preparation and presentation of the consolidated financial statements which give a true and fair view of the financial position of the Trust and subsidiaries as at 31 March 2009 and their financial performance and cash flows for the year ended on that date.
Auditors’ Responsibilities
We are responsible for expressing an independent opinion on the financial statements presented by the Trustees and reporting 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:
(a) the significant estimates and judgements made by the Trustees in the preparation of the financial statements; and
(b) whether the accounting policies are appropriate to the circumstances of the Trust and subsidiaries, 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 to provide us with 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.
We have no relationship with or interests in the Trust or any of its subsidiaries other than in our capacity as auditors.
Unqualified Opinion
We have obtained all the information and explanations we have required.
In our opinion:
(a) proper accounting records have been kept by the Trust as far as appears from our examination of those records; and
(b) the consolidated financial statements on pages 2 to 22:
(i) comply with generally accepted accounting practice in New Zealand;
(ii) comply with International Financial Reporting Standards; and
(iii) give a true and fair view of the financial position of the Trust and subsidiaries as at 31 March 2009 and their financial performance and cash flows for the year ended on that date.
Our audit was completed on 13 July 2009 and our unqualified opinion is expressed as at that date.
PricewaterhouseCoopers
Chartered Accountants
Christchurch
PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY SECURACOPY
ISSN 0111-5650
ISSN 1177-8415
Price $6.00 (inc. GST)
NZ Gazette 2009, No 112
✨ LLM interpretation of page content
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Auditors' Report on The Canterbury Community Trust Financial Statements
(continued from previous page)
🏢 State Enterprises & Insurance13 July 2009
Audit, Financial Statements, Trust Funds, Consolidated Financial Statements, Unqualified Opinion, Accounting Standards
- PricewaterhouseCoopers, Chartered Accountants