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New Zealand Gazette – 1991 – No. 194

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✨ Financial Statements

4012 NEW ZEALAND GAZETTE No. 194

TELECOM CENTRAL LIMITED AND SUBSIDIARY

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 | 294,822 | 254,042 | 254,042 |

Other loans

Due to fellow group company| 50,265 | - | - |
Other | 1,191 | 1,855 | 1,457 |
| 51,456 | 1,855 | 1,457 |
Less long term debt maturing within one year | (4,199) | (450) | (727) |
| 47,257 | 1,405 | 730 |
| 342,079 | 255,447 | 254,772 |

Interest rates on the parent company loan ranged from 13.21% to 13.62% for the 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	1991	1990	1991
Due 1 to 2 years	5,057	423	438
Due 2 to 3 years	42,200	671	292
Due 3 to 4 years	-	311	-

Total due after one year | 47,257 | 1,405 | 730 |

Other loans are for the finance lease obligations of office equipment, with interest and principal paid monthly at 16% p.a., and telecommunications 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

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

Domain🏭 Trade, Customs & Industry
KeywordsTelecommunications, Financial Statements, Long Term Debt, Interest Rates, Loan Maturities, Lease Obligations

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