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New Zealand Gazette – 1991 – No. 194

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✨ Financial Statements Notes

NEW ZEALAND GAZETTE

20 DECEMBER

TELECOM WELLINGTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

1 STATEMENT OF ACCOUNTING POLICIES (Continued)

RECLASSIFICATIONS
Certain reclassifications of prior periods' data have been made to conform to current period classifications.

(d) CHANGES IN ACCOUNTING POLICIES
There have been no material changes in accounting policies during the period.

2 OPERATING EXPENSES

	Six months ended 30 September		Year ended 31 March
	1991	1990	1991
	$000's	$000's	$000's
----------------------	-------------------------------	---------------	----------------------
	127,065	135,047	248,440

Included in operating expenses are:

Depreciation | 27,282 | 24,736 | 50,271 |
Audit fees | 100 | 95 | 190 |
Intercompany management fee | 6,252 | 7,927 | 12,510 |
Lease and rental costs | 6,443 | 6,847 | 13,301 |

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 | 1,069 | 36 | 125 |

Other | 28 | - | - |

                | 1,097          | 36          | 125                  |

Dividend income from fellow subsidiary company | 5,271 | - | 869 |

Total investment income | 6,368 | 36 | 994 |

Interest expense:

Intercompany | 17,646 | 9,669 | 20,819 |

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VUW Te Waharoa — NZ Gazette 1991, No 194

NZLII — NZ Gazette 1991, No 194

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Telecom Wellington Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Accounting Policies, Reclassifications, Operating Expenses, Investment Income, Interest Expense, Telecom Wellington Limited

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