β¨ Financial Statements
4002 NEW ZEALAND GAZETTE No. 194
TELECOM CENTRAL LIMITED AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 1991
| | 30 September | 31 March |
|--------------------|-----------------------|-----------------------|-----------------------|
| | Notes | 1991 | 1990 | 1991 |
| | | $000's | $000's | $000's |
ASSETS
Current assets:
Cash | 5 | 887 | 37 | 1,055 |
Accounts receivable and prepaid expenses | | 76,172 | 94,879 | 72,824 |
Inventories | | 18,520 | 31,336 | 26,922 |
Prepaid income tax | 4 | - | - | 6,648 |
Total current assets | | 95,579 | 126,252 | 107,449 |
Investment in fellow subsidiary company | | 780 | - | - |
Other assets | 6 | 9,679 | 7,310 | 10,008 |
Fixed assets | 7 | 884,241 | 877,894 | 897,393 |
Total assets | | 990,279 | 1,011,456 | 1,014,850 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank overdraft | | 1,059 | 5,566 | 2,848 |
Debt due within one year | 9 | 4,199 | 450 | 727 |
Taxation payable | 4 | 7,077 | 13,583 | - |
Accounts payable and accruals | 8 | 69,152 | 177,549 | 224,787 |
Proposed dividend | | 31,571 | 8,192 | - |
Total current liabilities | | 113,058 | 205,340 | 228,362 |
Deferred income tax | 4 | 8,350 | 3,789 | 8,419 |
Long term debt | 9 | 342,079 | 255,447 | 254,772 |
Total liabilities | | 463,487 | 464,576 | 491,553 |
Commitments and contingent liabilities | 11,12 | | | |
Shareholders' equity:
Ordinary shares, $1.00 each
Authorised, issued and fully paid 88,456,000 shares | | 88,456 | 88,456 | 88,456 |
Redeemable preference shares, $1.00 each
Authorised, issued and fully paid 41,910 shares | | 42 | 21 | 42 |
Share premium reserve | | 419,058 | 419,058 | 419,058 |
Retained earnings | | 19,236 | 39,345 | 15,741 |
Total shareholders' equity | | 526,792 | 546,880 | 523,297 |
Total liabilities and shareholders' equity | | 990,279 | 1,011,456 | 1,014,850 |
The accompanying notes form part of and are to be read in conjunction with these financial statements.
On behalf of the Board
N NICHOLLS
MANAGING DIRECTOR
P SMITHIES
DIRECTOR
HAMILTON, 16 DECEMBER 1994
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VUW Te Waharoa —
NZ Gazette 1991, No 194
NZLII —
NZ Gazette 1991, No 194
β¨ LLM interpretation of page content
π
Financial Statements under Telecommunications (Disclosure) Regulations 1990
(continued from previous page)
π Trade, Customs & Industry16 December 1994
Telecommunications, Financial Statements, Segmental Reporting, Revenue, Earnings, Assets
- N Nicholls, Managing Director
- P Smithies, Director