New Zealand Gazette – 1991 – No. 194

Page 3992

✨ 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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✨ 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, Fixed Assets, Depreciation, Leaseback