Page 26 - NZPM Annual Report 2017

NZPM GROUP ANNUAL REPORT 2017

INDEPENDENT

AUDITOR’S REPORT

TO THE SHAREHOLDERS OF NZPM GROUP LIMITED

OPINION We have audited the consolidated financial statements of NZPM Group Limited and its
subsidiaries (the ‘Group’), which comprise the consolidated statement of financial position
as at 31 March 2017, and the consolidated statement of financial performance and other
comprehensive income, statement of changes in equity and statement of cash flows for the
year then ended, and notes to the consolidated financial statements, including a summary
of significant accounting policies.

In our opinion, the accompanying consolidated financial statements, on pages 28 to 61,
present fairly, in all material respects, the consolidated financial position of the Group as
at 31 March 2017, and its consolidated financial performance and cash flows for the year
then ended in accordance with New Zealand Equivalents to International Financial Reporting
Standards (‘NZ IFRS’) and International Financial Reporting Standards.
BASIS FOR We conducted our audit in accordance with International Standards on Auditing (‘ISAs’) and
OPINION International Standards on Auditing (New Zealand) (‘ISAs (NZ)’). Our responsibilities under
those standards are further described in the Auditor’s Responsibilities for the Audit of the
Consolidated Financial Statements section of our report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our opinion.
We are independent of the Group in accordance with Professional and Ethical Standard 1
(Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing
and Assurance Standards Board and the International Ethics Standards Board for
Accountants’ Code of Ethics for Professional Accountants, and we have fulfilled our other
ethical responsibilities in accordance with these requirements.
Our firm carries out other assignments for the Group in the area of taxation compliance.
These services have not impaired our independence as auditor of the Company and Group.

In addition to this, an executive of NZPM Group Limited is married to a Deloitte partner.
The Deloitte partner is not involved in the provision of any services to NZPM Group Limited
and this matter has not impacted our independence. Further partners and employees of our
firm deal with NZPM Group Limited and its subsidiaries on normal terms within the ordinary
course of trading activities of the business of NZPM Group Limited and its subsidiaries.
The firm has no other relationship with, or interest in, NZPM Group Limited or any of
its subsidiaries.
OTHER The directors are responsible on behalf of the Group for the other information. The
INFORMATION other information comprises the information in the Annual Report that accompanies the
consolidated financial statements and the audit report.
Our opinion on the consolidated financial statements does not cover the other information
and we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and consider whether it is materially
inconsistent with the consolidated financial statements or our knowledge obtained in the
audit or otherwise appears to be materially misstated. If so, we are required to report that
fact. We have nothing to report in this regard.

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