New Zealand Gazette – 1990 – No. 224

Page 5175

✨ Financial Statements

NEW ZEALAND GAZETTE

24 DECEMBER

TELECOM SOUTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS—continued

	30 September 1990	31 March 1990
	$000’s	$000’s

8 TERM LIABILITIES (UNSECURED)

Parent company loan ... 244,881 ... 244,881

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.

9 TAXATION

Current taxation:

Balance at beginning of period
Total taxation in the current period (Note 5) ... (6,113) ... (5,911)
Tax paid ... 9,006

Prepaid taxation/(Taxation payable) ... (3,018) ... 3,095

Deferred taxation:

Balance at beginning of period ... (3,891) ... 1,228
Provided in the current period (Note 5) ... (3,681) ... (5,119)
Other movements ... 6,738

Deferred tax provision ... (834) ... (3,891)

10 PROVISION FOR RESTRUCTURING COSTS

Transferred from Telecom ... — ... 28,732

Charges against provision ... — ... (38,422)

Transfer from earnings ... — ... (9,690)

11 SHARE PREMIUM RESERVE

Balance at beginning of period ... 399,930 ... —

(Consisting of a premium of $9,999 on 39,997 redeemable preference shares)

Movements during period ... — ... 399,930

The redeemable preference shares are subject to redemption, at the issue price, five days after written notice from the holder.

12 ACCOUNTS RECEIVABLE AND PREPAYMENTS

Accounts receivable ... 46,413 ... 31,439

Unbilled rentals and tolls ... 18,444 ... 28,351

Due from fellow subsidiary companies ... 14,022 ... 32,319

Other accounts receivable and prepayments ... 8,946 ... 4,987

Included in other accounts receivable and prepayments is an amount of $7.3 million (31 March 1990: $4.3 million) being the deferral of certain expenditure incurred in relation to the installation of a major computer system. These costs are progressively charged to earnings as each phase of the system becomes fully operational.

13 INVENTORIES

Revenue work in progress ... 1,760 ... 2,941

Inventories ... 24,022 ... 24,645

Total inventories ... 25,782 ... 27,586

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 General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated28 November 1990
KeywordsFinancial Statement, Revenue, Operating Expenses, Interest, Taxation, Dividends, Accounts Payable, Term Liabilities, Taxation, Restructuring Costs, Share Premium Reserve, Accounts Receivable, Inventories

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.