Rangatira Annual Report 2025 - Flipbook - Page 68
Independent Auditor’s Report
To the Shareholders of Rangatira Limited
Report on the audit of the financial statements
Opinion
We have audited the accompanying financial statements
which comprise:
the statement of financial position as at 31 March
2025;
In our opinion, the accompanying financial
statements of Rangatira Limited (the Company) on
pages 36 to 67 present fairly in all material respects:
the statements of comprehensive income,
changes in equity and cash flows for the year then
ended; and
notes, including material accounting policy
information and other explanatory information.
the Company’s financial position as at 31
March 2025 and its financial performance
and cash flows for the year ended on that
date;
In accordance with New Zealand
Equivalents to International Financial
Reporting Standards (NZ IFRS) issued by
the New Zealand Accounting Standards
Board and the International Financial
Reporting Standards issued by the
International Accounting Standards Board.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (New Zealand) (ISAs (NZ)). We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We are independent of Rangatira Limited in accordance with Professional and Ethical Standard 1 International
Code of Ethics for Assurance Practitioners (Including International Independence Standards) (New Zealand)
issued by the New Zealand Auditing and Assurance Standards Board and the International Ethics Standards
Board for Accountants’ International Code of Ethics for Professional Accountants (including International
Independence Standards) (IESBA Code), and we have fulfilled our other ethical responsibilities in accordance
with these requirements and the IESBA Code.
Our responsibilities under ISAs (NZ) are further described in the Auditor’s responsibilities for the audit of the
financial statements section of our report.
Subject to certain restrictions, partners and employees of our firm may also deal with the Company on normal
terms within the ordinary course of trading activities of the business of the Company. These matters have not
impaired our independence as auditor of the Company. The firm has no other relationship with, or interest in, the
Company.
Emphasis of matter
We draw attention to Note 1 and 19 of the financial statements, which describes the Company’s change in status
to be an investment entity during the current year. Our opinion is not modified in respect of this matter.
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