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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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
28 November 1990
Financial Position, Liabilities, Shareholders' Funds, Assets, Telecom Wellington Limited
  • DR P Troughton, Chairman
  • A J Borren, Managing Director