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