Auditor's responsibilities for the audit of the consolidated financial statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether...
AI summary The auditor's role is to provide reasonable assurance that consolidated financial statements are free from material misstatement, using Canadian GAAS. Responsibilities include risk assessment, evaluating internal controls, accounting policies, and communication with governance. The audit focuses on detecting fraud or error, with particular attention to going concern uncertainties.
NSP Maritime Link Inc. Consolidated Statement of Income For the year ended December 31 millions of Canadian dollars 2025 2024 Operating revenues Regulated electric (note 4) $ 198.4 $ 161.6 Operating expenses Operating, maintenance and gene...
AI summary NSP Maritime Link Inc.'s consolidated statement of income for 2025 shows operating revenues of $198.4 million, up from $161.6 million in 2024. Operating expenses increased to $96.5 million, leading to income from operations of $101.9 million. Net income declined slightly to $41.1 million from $44.7 million in 2024.
C. Principal Risks and Uncertainties NSPML believes the following principal financial risks could materially affect the Company in the normal course of business. Risks associated with fair value measurements are discussed in note 1. Sound...
AI summary NSPML identifies financial risks, including fair value measurement risks (note 1), and emphasizes risk management overseen by the Board of Directors to ensure efficient operations and strategic success.