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| 2001 Annual Report > Auditors' Report |
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To the Unitholders of Enerplus Resources Fund:
We have audited the consolidated balance sheet of Enerplus Resources Fund as at December 31, 2001 and
the consolidated statements of income, accumulated income, accumulated cash distributions, and cash
flows for the year then ended. These financial statements are the responsibility of the Fund’s Management.
Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with Canadian generally accepted auditing standards. Those
standards required that we plan and perform an audit to obtain reasonable assurance whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes assessing
accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation.
In our opinion, these consolidated financial statements present fairly, in all material respects, the financial
position of the Fund as at December 31, 2001 and the results of its operations and its cash flows for the
year then ended in accordance with Canadian generally accepted accounting principles.
The consolidated financial statements as at December 31, 2000 and 1999 and for the years then ended are
the financial statements of EnerMark Income Fund (See Note 1 to the financial statements). These financial
statements were audited by other auditors who expressed an opinion without reservation on those
consolidated financial statements in their report dated March 14, 2001. The opinion of such auditors,
however, did not cover the reconciliation of differences between Canadian and
United States generally
accepted accounting principles as disclosed in Note 10. We have audited the reconciliations pertaining to
2000 and 1999. In our opinion, the reconciliations are appropriate and have been presented on a basis
consistent with the current year.
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Calgary, Alberta
March 1, 2002 |
"signed"
ARTHUR ANDERSEN LLP
Chartered Accountants |
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