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Auditor’s Report

To: The Board of Directors of the Provincial Electricity Authority

Opinion Thailand is independent of the Group and the Company
The Offce of the Auditor General of Thailand in accordance with the State Audit Standards issued
has audited the accompanying consolidated fnancial by the State Audit Commission and the Code of Ethics
statements of the Provincial Electricity Authority and for Professional Accountants issued by the Federation
its subsidiary (the Group), and separate fnancial of Accounting Professions under the Royal Patronage
statements of the Provincial Electricity Authority (the of His Majesty the King that are relevant to the Offce

Company), which comprise the consolidated and separate of the Auditor General of Thailand’s audit of the
statements of fnancial position as at December 31, consolidated and separate fnancial statements, and has
2016, and the consolidated and separate statements of fulflled other ethical responsibilities in accordance with
comprehensive income, the consolidated and separate these requirements. The Offce of the Auditor General
statements of changes in equity and the consolidated of Thailand believes that the audit evidence obtained

and separate statements of cash fows for the year then is suffcient and appropriate to provide a basis for the
ended, and notes to the consolidated and separate Offce of the Auditor General of Thailand’s opinion.
fnancial statements, including a summary of signifcant
accounting policies. Other Information
In the Offce of the Auditor General of Thailand’s The management is responsible for the other
opinion, the consolidated and separate fnancial information. The other information comprises the

statements referred to above present fairly, in all material information included in the annual report, but does
respects, the consolidated fnancial position of the not include the consolidated and separate fnancial
Provincial Electricity Authority and its subsidiary, and statements and the auditor’s report thereon. The annual
separate fnancial position of the Provincial Electricity report is expected to be made available to the Offce
Authority, respectively, as at December 31, 2016, and of the Auditor General of Thailand after the date of this

its consolidated and separate fnancial performance auditor’s report.
and its cash fows for the year then ended in accordance The Offce of the Auditor General of Thailand’s
with Thai Financial Reporting Standards (TFRSs). opinion on the consolidated and separate fnancial
statements does not cover the other information and the
Basis for Opinion Offce of the Auditor General of Thailand will not express
The Offce of the Auditor General of Thailand any form of assurance conclusion thereon.
conducted the audit in accordance with Thai Standards In connection with the audit of the consolidated

on Auditing (TSAs). The Offce of the Auditor General and separate fnancial statements, the Offce of the
of Thailand’s responsibilities under those standards are Auditor General of Thailand’s responsibility is to read
futher described in the Auditor’s Responsibilities for the other information identifed above when it becomes
the Audit of the Consolidated and Separate Financial available and, in doing so, consider whether the other
Statements section of the Offce of the Auditor General information is materially inconsistent with the consolidated

of Thailand’s report. The Offce of the Auditor General of and separate fnancial statements or the Offce of the

82 SMART PEA
Annual Report 2016 Provincial Electricity Authority