✨ Financial Statement
NEW ZEALAND GAZETTE
No. 224
TELECOM WELLINGTON LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 1990
| 30 September 1990 | 31 March 1990 | |
|---|---|---|
| $000's | $000's |
LIABILITIES AND SHAREHOLDERS' FUNDS
Current liabilities
Bank overdraft (unsecured) ... 1,569 ... 2,994
Accounts payable and accruals ... 7 ... 59,132 ... 84,621
Provision for restructuring costs ... 10 ... – ... –
Proposed dividend ... 6 ... 4,086 ... 20,223
Total current liabilities ... 64,787 ... 107,838
Term liabilities ... 8 ... 132,452 ... 132,452
Commitments and contingent liabilities ... 15,16 ... – ... –
Shareholders' funds
Ordinary shares, $1 each
Authorised, issued and fully paid 92,714,000 shares ... 92,714 ... 92,714
Redeemable preference shares, $1 each
Authorised, issued and fully paid 21,634 shares ... 22 ... 22
Share premium reserve ... 11 ... 216,318 ... 216,318
Retained earnings ... 29,522 ... 19,155
Total shareholders' funds ... 338,576 ... 328,209
Total liabilities and shareholders' funds ... 535,815 ... 568,499
ASSETS
Current assets
Cash and bank ... 25 ... –
Accounts receivable and prepayments ... 12 ... 69,710 ... 104,241
Prepaid taxation ... 9 ... 4,826 ... 10,366
Inventories ... 13 ... 20,299 ... 23,161
Total current assets ... 94,860 ... 137,768
Future tax benefit ... 9 ... 7,780 ... 11,009
Fixed assets ... 14 ... 433,175 ... 419,722
Total assets ... 535,815 ... 568,499
The notes which follow form part of and are to be read in conjunction with these financial statements.
On behalf of the Board
DR P TROUGHTON
CHAIRMAN
A J BORREN
MANAGING DIRECTOR
WELLINGTON, 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 Wellington Limited Statement of Financial Position
(continued from previous page)
🏭 Trade, Customs & Industry28 November 1990
Financial Position, Liabilities, Shareholders' Funds, Assets, Telecom Wellington Limited
- DR P Troughton, Chairman
- A J Borren, Managing Director