Airways Corporation of New Zealand Limited Annual Report 2018 2019
Audit report CONTINUED
NZ IFRS
• We obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the financial statements. The auditor is responsible for the direction, supervision and performance of the group audit. The auditor remains solely responsible for the audit opinion, and • We communicate with the Board of Directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Our responsibilities arise from the Public Audit Act 2001. OTHER I NFORMAT I ON The Board of Directors is responsible for the other information in the Annual Report. The other information comprises the information included in the Annual Report, but does not include the financial statements, and our auditor’s report thereon or the EVA key performance indicators on page 64 and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information. In doing so, we consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on our work, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. I NDEPENDENCE We are independent of the Group in accordance with the independence requirements of the Auditor-General’s Auditing Standards, which incorporate the independence requirements of Professional and Ethical Standards 1 (revised): Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board. Our firm carries out other services for the Group in the areas of assurance services relating to the Group’s compliance with the terms of the Student Fee Protection Trust Deed, in relation to the reporting of the Group’s Economic Value Added (EVA) Performance Indicators in accordance with the disclosed policies, and assurance procedures over the Company’s pricing controls. The provision of these other services has not impaired our independence as auditor of the Group.
CHAIR AND CEO’S REVIEW
INVESTING IN THE FUTURE
INTEGRATING DRONES INTO OUR AIRSPACE
AIRWAYS INTERNATIONAL
SUSTAINABILITY
AIRWAYS BOARD OF DIRECTORS
FINANCIALS
FINANCIAL PERFORMANCE
PERFORMANCE AND PROGRESS AGAINST SCI METRICS
FINANCIAL STATEMENTS
For and on behalf of the Auditor-General
NOTE STRUCTURE
HOW THE NUMBERS ARE CALCULATED RISK GROUP STRUCTURE UNRECOGNISED ITEMS OTHER INFORMATION
Kevin Brown
PricewaterhouseCoopers Wellington, New Zealand
27 August 2019
AUDIT REPORT
EVA KEY PERFORMANCE INDICATORS
ADDITIONAL FINANCIAL INFORMATION
GOVERNANCE AT AIRWAYS
63
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