New Zealand Gazette – 1991 – No. 194

Page 4007

✨ Financial Statements Continuation



20 DECEMBER NEW ZEALAND GAZETTE 4007

TELECOM CENTRAL LIMITED AND SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

2 OPERATING EXPENSES

Six months ended 30 September Year ended 31 March
1991 1990 | 1991
$000's $000's | $000's
Total Operating 180,159 185,490 | 369,608

Included in operating expenses are:

- Depreciation 53,819 51,007 104,711
- Audit fees 100 95 156
- Intercompany management fee 9,380 10,487 19,860
- Foreign exchange (gains)/losses (4) 2 (178)
- Lease and rental costs 2,831 2,849 5,749

3 INVESTMENT INCOME/INTEREST EXPENSE

Six months ended 30 September Year ended 31 March
1991 1990 | 1991
$000's $000's | $000's

Interest income:

- Intercompany 273 1,982 1,982
- Other 3 - -
Total Interest Income 276 1,982 1,982

Interest expense:

- Intercompany (including finance lease charges) 21,647 18,605 37,804
- Other 97 26 159
Total Interest Expense 21,744 18,631 37,963


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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements of Telecom Central Limited (continued from previous page)

🏭 Trade, Customs & Industry
Telecommunications, Financial Statements, Operating Expenses, Depreciation, Audit Fees, Intercompany Management Fee, Foreign Exchange, Lease and Rental Costs, Investment Income, Interest Expense