Auditors qualify opinion of Veritas accounts on value of Nosh food markets

Edwin Mitson
Tue, 20 Sep 2016

By Edwin Mitson Sept. 20 (BusinessDesk) - The auditors of Veritas Investments, the NZX-listed owner of the Mad Butcher franchise and Nosh Food Market outlets, have qualified their opinion on its financial accounts for the year ended June 30. PwC says Veritas's investment in the Nosh food supermarkets is carried at $4.6 million in the consolidated statement of financial position, but, "we were unable to obtain sufficient appropriate audit evidence to support the carrying amount of that operating unit."  Veritas's directors justified the...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.