β¨ 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 | |
| $000's | $000's | |
| Total Operating | 180,159 | 185,490 |
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 | |
| $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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VUW Te Waharoa —
NZ Gazette 1991, No 194
NZLII —
NZ Gazette 1991, No 194
β¨ LLM interpretation of page content
π
Notes to the Financial Statements of Telecom Central Limited
(continued from previous page)
π Trade, Customs & IndustryTelecommunications, Financial Statements, Operating Expenses, Depreciation, Audit Fees, Intercompany Management Fee, Foreign Exchange, Lease and Rental Costs, Investment Income, Interest Expense