New Zealand Gazette – 1991 – No. 194

Page 4028

✨ Financial Statements



4028 NEW ZEALAND GAZETTE No. 194

TELECOM WELLINGTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

9 FIXED ASSETS

30 September 31 March
1991 1990 1991
$000's $000's $000's
Telecommunication equipment:
- Cost 461,579 429,829 448,989
- Accumulated depreciation (190,726) (154,959) (173,361)
270,853 274,870 275,628
Capital work in progress 9,401 17,691 12,187
Land 41,904 41,900 41,896
Buildings:
- Cost 64,075 61,464 63,520
- Accumulated depreciation (7,656) (4,537) (5,930)
56,419 56,927 57,590
Other fixed assets:
- Cost 64,873 59,776 68,560
- Accumulated depreciation (25,134) (17,989) (23,247)
39,739 41,787 45,313

| Total cost | 641,832 | 610,660 | 635,152 |
| Total accumulated depreciation | (223,516) | (177,485) | (202,538)|
| Total net book value | 418,316 | 433,175 | 432,614 |

Included in telecommunications equipment at 30 September 1991, 30 September 1990 and 31 March 1991 respectively, is equipment (principally customer premises equipment) leased to customers under operating leases with a cost of $102.7 million $93.8 million and $99.6 million, together with accumulated depreciation of $74.3 million $61.2 million and $67.5 million.

Other fixed assets include tools and plant, vehicles, office equipment, furniture and fittings and computer equipment.



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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Statements, Fixed Assets, Telecommunication Equipment, Depreciation, Land, Buildings, Telecom Wellington Limited