✨ 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
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NZ Gazette 1990, No 224
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NZ Gazette 1990, No 224
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Telecom Central Limited Consolidated Financial Position Statement
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🏭 Trade, Customs & Industry28 November 1990
Financial Statement, Liabilities, Shareholders' Funds, Assets, Telecom Central Limited
- D R Campbell, Chairman
- N R Nicholls, Managing Director