Financial Statement




24 DECEMBER NEW ZEALAND GAZETTE

TELECOM CENTRAL LIMITED AND SUBSIDIARY

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 1990

Notes 30 September 1990 $000's 31 March 1990 $000's
LIABILITIES AND SHAREHOLDERS' FUNDS
Current liabilities
Bank overdraft (unsecured) 5,566 715
Accounts payable and accruals 177,999 41,919
Taxation payable 13,583 5,318
Provision for restructuring costs 10 ... ...
Proposed dividend 6 8,192 19,602
Total current liabilities 205,340 67,554
Deferred tax provision 9 3,789 ...
Term liabilities 8 255,447 126,358
Commitments and contingent liabilities 15,16 ... ...

| Shareholders' funds | | | |
| Ordinary shares, $1 each | | | |
| –Authorised, issued and fully paid 88,456,000 shares | 88,456 | 88,456 |
| Redeemable preference shares, $1 each | | | |
| –Authorised, issued and fully paid 20,638 shares | 21 | 21 |
| Share premium reserve | 11 | 419,058 | 206,359 |
| Retained earnings | | 39,345 | 9,251 |
| Total shareholders' funds | | 546,880 | 304,087 |
| Total liabilities and shareholders' funds | | 1,011,456 | 497,999 |

| ASSETS | | | |
| Current assets | | | |
| Cash and bank | | 37 | 730 |
| Accounts receivable and prepayments | 12 | 102,189 | 53,853 |
| Inventories | 13 | 31,336 | 13,537 |
| Total current assets | | 133,562 | 68,120 |
| Future tax benefit | 9 | ... | 13,008 |
| Fixed assets | 14 | 877,894 | 416,871 |
| Total assets | | 1,011,456 | 497,999 |

The notes which follow form part of and are to be read in conjunction with these financial statements.

On behalf of the Board

D R CAMPBELL
CHAIRMAN

N R NICHOLLS
MANAGING DIRECTOR

HAMILTON, 28 NOVEMBER 1990



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1990, No 224


NZLII PDF NZ Gazette 1990, No 224





✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
28 November 1990
Financial Statement, Liabilities, Shareholders' Funds, Assets, Telecom Central Limited
  • D R Campbell, Chairman
  • N R Nicholls, Managing Director