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New Zealand Gazette – 1990 – No. 224

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✨ Financial Notes and Segmental Reporting

5146 NEW ZEALAND GAZETTE No. 224

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS—continued

Outstanding intercompany balances as at 30 September 1990 are:

Intercompany Receivable ... $5.1 million
Intercompany Payable and current account ... $192.8 million
Intercompany Term Liabilities ... $284.5 million

With the exception of the current account and the term liability, the balances are payable on normal trading terms. The current account is on call and the term liability has no fixed date for repayment. No related party debts have been written off or forgiven during the year.

19 SEGMENTAL REPORTING

The Company’s principal business activity is the provision of telecommunication services, constituting more than 90% of total operating revenues, operating earnings and identifiable assets.

The Company’s business is conducted in New Zealand and is therefore within one geographical area for reporting purposes.

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VUW Te Waharoa — NZ Gazette 1990, No 224

NZLII — NZ Gazette 1990, No 224

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Telecom Auckland Limited Financial Position Statement (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statement, Intercompany Balances, Segmental Reporting, Telecommunication Services

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