47
The Auditor-General is the auditor of City Care Limited (the Company). The Auditor-General has appointed me, Devan
Menon, using the staff and resources of Audit New Zealand, to carry out the audit of the fi nancial statements and
performance information of the Company, on his behalf, for the year ended 30 June 2004.
Unqualifi ed Opinion
In our opinion:
· the fi nancial statements of the Company on pages 36 to 45:
comply with generally accepted accounting practice in New Zealand; and
· give a true and fair view of:
the Company's fi nancial position as at 30 June 2004; and
the results of its operations and cash fl ows for the year ended on that date.
· the performance information of the Company on page 45 gives a true and fair view of the achievements measured
against the performance targets adopted for the year ended 30 June 2004.
· based on our examination the Company kept proper accounting records.
The audit was completed on 9 August 2004, and is the date at which our opinion is expressed.
The basis of the opinion is explained below. In addition, we outline the responsibilities of the Board of Directors and the
Auditor, and explain our independence.
Basis of Opinion
We carried out the audit in accordance with the Auditor-General's Auditing Standards, which incorporate the New
Zealand Auditing Standards.
We planned and performed our audit to obtain all the information and explanations we considered necessary in order
to obtain reasonable assurance that the fi nancial statements and performance information did not have material
misstatements, whether caused by fraud or error.
Material misstatements are differences or omissions of amounts and disclosures that would affect a reader's overall
understanding of the fi nancial statements and performance information. If we had found material misstatements that
were not corrected, we would have referred to them in the opinion.
Our audit involved performing procedures to test the information presented in the fi nancial statements and performance
information. We assessed the results of those procedures in forming our opinion.
AUDIT REPORT
To the readers of City Care Limited's Financial Statements
FOR THE YEAR ENDED 30 JUNE 2004
