New Zealand Gazette – 1991 – No. 194

Page 3994

✨ Financial Statements



3994 NEW ZEALAND GAZETTE No. 194

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

9. LONG TERM DEBT

30 September 31 March
1991 1990 1991
$000's $000's $000's
Parent company loan 325,211 284,491 284,491
Other loans
- Due to fellow group company 65,614 - -
- Other 163 - -
65,777 - -
- Less long term debt maturing within one year (4,738) - -
61,039 - -
386,250 284,491 284,491

Interest rates on the parent company loan ranged from 13.21% to 13.62% for six months ended 30 September 1991 except for $40 million which, in advance of a capital restructuring, was at nil interest from 1 July 1991. The parent company loan has no fixed date for repayment.

SCHEDULE OF MATURITIES - Other loans
Due 1 to 2 years 5,830 - -
Due 2 to 3 years 55,114 - -
Due 3 to 4 years 35 - -
Due 4 to 5 years 41 - -
Due over 5 years 19 - -
Total due after one year 61,039 - -

Other loans are for the finance lease obligations of office equipment, with interest and principal paid monthly at 18.5% p.a., and telecommunication equipment, with interest and principal paid quarterly at 12.9% p.a.



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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, Long Term Debt, Interest Rates, Loan Maturity, Finance Lease