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New Zealand Gazette – 1990 – No. 224

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✨ Financial Statement

NEW ZEALAND GAZETTE

No. 224

TELECOM SOUTH LIMITED

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)		1,752	3,237
Accounts payable and accruals	7	100,525	88,537
Taxation payable	9	3,018	—
Provision for restructuring costs	10	—	20,285
Proposed dividend	6	3,373	—
Total current liabilities		108,668	112,059
Deferred tax provision	9	834	3,891
Term liabilities	8	244,881	244,881
Commitments and contingent liabilities	15,16	—	—
Shareholders' funds
Ordinary shares, $1 each
–Authorised, issued and fully paid 171,411,000 shares	171,411	171,411
Redeemable preference shares, $1 each
–Authorised, issued and fully paid 39,997 shares	40	40
Share premium reserve	11	399,930	399,930
Retained earnings		23,276	7,903
Total shareholders' funds		594,657	579,284
Total liabilities and shareholders' funds		949,040	940,115

| ASSETS | | | |
| Current assets | | | |
| Cash and bank | 12 | 703 | 266 |
| Accounts receivable and prepayments | 12 | 87,825 | 97,096 |
| Prepaid taxation | 9 | — | 3,095 |
| Inventories | 13 | 25,782 | 27,586 |
| Total current assets | | 114,310 | 128,043 |
| Fixed assets | 14 | 834,730 | 812,072 |
| Total assets | | 949,040 | 940,115 |

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

On behalf of the Board

J A CARTER
CHAIRMAN

W J HARRISON
MANAGING DIRECTOR

CHRISTCHURCH, 28 NOVEMBER 1990

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VUW Te Waharoa — NZ Gazette 1990, No 224

NZLII — NZ Gazette 1990, No 224

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated28 November 1990
KeywordsFinancial Statement, Liabilities, Shareholders' Funds, Assets, Current Liabilities, Deferred Tax, Term Liabilities, Shareholders' Equity, Fixed Assets
👩‍💼 Officials

J A Carter, Chairman
W J Harrison, Managing Director

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