New Zealand Gazette – 1990 – No. 224

Page 5164

✨ Financial Statements

NEW ZEALAND GAZETTE

No. 224

TELECOM WELLINGTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS—continued

	Six Months Ended	Year Ended
	30 September 1990	31 March 1990
	$'000's	$'000's

2 REVENUE

166,336 | 344,888

Revenue includes rental from telephone lines and customer premises equipment, national calls, telex, leased circuit, telegraph, radio and support centre service revenue, and sales of customer premises equipment.

3 OPERATING EXPENSES

135,047 | 241,422

Included in Operating expenses are:

Depreciation ... 24,736 | 52,580
Audit fees ... 95 | 135
Intercompany management fee ... 7,927 | 15,466
Lease and rental costs ... 6,847 | 6,493

4 INTEREST

Interest income:

Intercompany ... 36 | 3,972

Interest expense:

Intercompany ... 9,669 | 19,347
Less interest capitalised ... - | (135)

9,669 | 19,212

5 TAXATION EXPENSE

Net earnings before taxation ... 21,656 | 38,226
Tax at current rate of 33% ... 7,146 | 29,115
Adjustment for permanent differences ... 57 | 333

Total taxation ... 7,203 | 29,448

The tax expense is represented by:

Current taxation (Note 9) ... 5,540 | 25,635
Deferred taxation (Note 9) ... 1,663 | 3,813

7,203 | 29,448

6 DIVIDENDS

Interim dividend proposed ... 4,086 | 19,400
Interim dividend paid ... - | -
Final dividend proposed ... - | 20,223

Dividends for period ... 4,086 | 39,623
Proposed dividend at end of period ... 4,086 | 20,223

7 ACCOUNTS PAYABLE AND ACCRUALS

59,132 | 84,621

8 TERM LIABILITIES (UNSECURED)

Parent company loan ... 132,452 | 132,452

Interest rates on the parent company loan ranged from 14.14% to 14.28% for the six months ended 30 September 1990. The parent company loan has no fixed date for repayment.

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1990, No 224

NZLII — NZ Gazette 1990, No 224

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Telecom Wellington Limited Notes to the Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Revenue, Operating Expenses, Interest, Taxation, Dividends, Accounts Payable, Term Liabilities, Telecom Wellington Limited

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.