✨ Financial Statements




20 DECEMBER

NEW ZEALAND GAZETTE

3989

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

2 OPERATING EXPENSES

Six months ended 30 September Year ended 31 March
1991 1990 1991
$000's $000's $000's
Total Operating Expenses 243,761 250,767 494,302

Included in operating expenses are:

  • Depreciation | 61,499 | 56,277 | 117,228 |
  • Audit fees | 100 | 95 | 190 |
  • Intercompany management fee| 11,363 | 13,433 | 25,440 |
  • Foreign exchange gains | (8) | - | (52) |
  • Lease and rental costs | 8,548 | 16,543 | 32,196 |

3 INVESTMENT INCOME/INTEREST EXPENSE

Six months ended 30 September Year ended 31 March
1991 1990 1991
$000's $000's $000's

Interest income:

  • Intercompany | 141 | - | - |

  • Other | 6 | 2 | 31 |

                        | 147            | 2          | 31                  |

Interest expense:

  • Intercompany (including finance lease charges) | 28,565 | 28,659 | 59,452 |

  • Other | 20 | 4 | 4 |

                        | 28,585         | 28,663     | 59,456              |
  • Less interest capitalised | (163) | (307) | (529) |

                        | 28,422         | 28,356     | 58,927              |


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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
20 December 1991
Telecommunications, Financial Statements, Regulations, Operating Expenses, Investment Income