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New Zealand Gazette – 1991 – No. 194

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

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