New Zealand Gazette – 1991 – No. 194

Page 3984

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 194

TELECOM AUCKLAND LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 1991

Notes 30 September 1991 30 September 1990 31 March 1991
$000's $000's $000's

ASSETS

Current assets:
Cash 658 740 856
Accounts receivable and prepaid expenses 5 113,183 126,777 112,463
Inventories 50,339 55,649 56,598
Prepaid income tax 4 18,409 16,108 19,800
Total current assets 182,589 199,274 189,717
Future tax benefit 4 - 287 -
Investment in fellow subsidiary company 720 - -
Other assets 6 7,661 3,170 5,273
Fixed assets 7 1,079,405 1,035,884 1,073,634
Total assets 1,270,375 1,238,615 1,268,624

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Bank overdraft 5,250 4,227 7,994
Debt due within one year 9 4,738 - -
Accounts payable and accruals 8 158,381 260,880 278,485
Proposed dividend 22,437 6,263 -
Total current liabilities 190,806 271,370 286,479
Deferred income tax 4 6,168 - 2,100
Long term debt 9 386,250 284,491 284,491
Total liabilities 583,224 555,861 573,070
Commitments and contingent liabilities 11,12

Shareholders' equity:

Ordinary shares, $1.00 each
- Authorised, issued and fully paid 199,146,000 shares 199,146 199,146 199,146
Redeemable preference shares, $1.00 each
- Authorised, issued and fully paid 46,466 shares 46 46 46
--- --- --- --- --- ---
Share premium reserve 464,614 464,614 464,614
Retained earnings 23,345 18,948 31,748
Total shareholders' equity 687,151 682,754 695,554
Total liabilities and shareholders' equity 1,270,375 1,238,615 1,268,624

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

On behalf of the Board

P J HAWORTH
DIRECTOR

W D THORLEY
DIRECTOR

AUCKLAND, 17 DECEMBER 1991



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✨ LLM interpretation of page content

🏭 Financial Statements under Telecommunications (Disclosure) Regulations 1990 (continued from previous page)

🏭 Trade, Customs & Industry
17 December 1991
Telecommunications, Financial Statements, Regulations, Subsidiaries, Earnings
  • P J Haworth, Director
  • W D Thorley, Director