46
The Auditor-General is the auditor of City Care Limited (the company). The Auditor-General has appointed me, Scott Tobin, 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 2005.
Unqualifi ed opinion
In our opinion:
· The fi nancial statements of the company on pages 34 to 44:
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 2005; 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 44 gives a true and fair view of the achievements measured against the performance
targets adopted for the year ended 30 June 2005.
· Based on our examination the company kept proper accounting records.
The audit was completed on 5 August 2005, and is the date at which our opinion is expressed.
The basis of our 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 the 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 our opinion.
The 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 and
Performance Information For The Year Ended 30 June 2005
