State-owned enterprises (SOEs) are an important and financially significant part of the public sector. I am the statutory auditor of SOEs and listed companies that are majority owned by the Crown.
This report provides an analysis of what our audit work and audited financial statements can tell us about the financial health of SOEs and the listed companies. We do not provide a definitive judgement on the companies' financial health and their vulnerability to uncertainty. Instead, our analysis provides "indicators" that should prompt further questions by Parliament and the public.