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New Zealand Gazette – 1991 – No. 194

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✨ Financial Statements

3992 NEW ZEALAND GAZETTE No. 194

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

7. FIXED ASSETS

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

Telecommunication equipment:

Cost | 1,110,058 | 988,036 | 1,069,665 |
Accumulated depreciation | (363,652) | (297,773) | (344,442) |
| 746,406 | 690,263 | 725,223 |

Capital work in progress | 91,700 | 113,365 | 101,135 |

Land | 57,668 | 58,054 | 57,682 |

Buildings:

Cost | 132,087 | 125,167 | 130,903 |
Accumulated depreciation | (12,894) | (8,812) | (10,911) |
| 119,193 | 116,355 | 119,992 |

Other fixed assets:

Cost | 114,726 | 94,308 | 115,903 |
Accumulated depreciation | (50,288) | (36,461) | (46,301) |
| 64,438 | 57,847 | 69,602 |

Total cost | 1,506,239 | 1,378,930 | 1,475,288 |
Total accumulated depreciation | (426,834) | (343,046) | (401,654) |
Total net book value | 1,079,405 | 1,035,884 | 1,073,634 |

Included in telecommunications equipment, at 30 September 1991, 30 September 1990 and 31 March 1991 respectively, is equipment (principally customer premises equipment) leased to customers under operating leases with a cost of $185.2 million, $178.7 million and $180.0 million, together with accumulated depreciation of $123.8 million, $94.2 million and $108.9 million.

Other fixed assets include tools and plant, vehicles, office equipment, furniture and fittings and computer equipment.

During the six months ended 30 September 1991, the Company entered into a sale and leaseback of telecommunications equipment with a fellow group company. At 30 September 1991, assets capitalised under finance leases associated with this transaction had a cost of $65.6 million and accumulated depreciation of $1.2 million.

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VUW Te Waharoa — NZ Gazette 1991, No 194

NZLII — NZ Gazette 1991, No 194

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated20 December 1991
KeywordsTelecommunications, Financial Statements, Fixed Assets, Depreciation, Leaseback

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