The Treasury

Global Navigation

Personal tools

Appendix 1  Reliance and Limitations

This report has been prepared by the Treasury with the assistance of their professional advisors PricewaterhouseCoopers (in accordance with the terms of a contract dated 18 May 2010) for the purposes of specifying a methodology for determining risk-free discount rates and CPI assumptions for valuations for the purposes of financial reporting in the Government's Financial Statements.

PricewaterhouseCoopers' responsibilities and liabilities are limited to the Treasury and exist only in the context of their use of this report for the purposes set out above.

No liability or responsibility will be accepted by the Treasury or PricewaterhouseCoopers in relation to the use of this report for any other purpose. We will not accept any liability or responsibility to any third party recipients.

The sources of information we have relied on are set out in our report. Accordingly, we express no opinion on the total reliability, accuracy or completeness of the information provided to us and upon which we have relied. We have no reason to believe that the information provided to us is inaccurate or misleading.

This report must be read in its entirety. Individual sections of this report could be misleading if considered in isolation from each other.

Page top