New Zealand Gazette – 1991 – No. 194

Page 4038

✨ Financial Statements

4038 NEW ZEALAND GAZETTE No. 194

TELECOM SOUTH LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 1991

	30 September	31 March
	1991	1990
	$000's	$000's

ASSETS

Current assets:
Cash | 57 | 703 | 2,519 |
Accounts receivable and prepaid expenses | 5 | 66,599 | 80,567 | 58,533 |
Inventories | 22,364 | 25,782 | 23,339 |
Prepaid income tax | 4 | - | 1,780 |

Total current assets | 89,020 | 107,052 | 86,171 |
Investment in fellow subsidiary company | 1,160 | - | - |
Other assets | 6 | 7,294 | 7,258 | 6,213 |
Fixed assets | 7 | 875,523 | 834,730 | 875,679 |

Total assets | 972,997 | 949,040 | 968,063 |

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Bank overdraft | 489 | 1,752 | 4,963 |
Debt due within one year | 9 | 3,022 | - |
Taxation payable | 4 | 8,250 | 3,018 | - |
Accounts payable and accruals | 8 | 62,507 | 100,525 | 110,749 |
Proposed dividend | 27,893 | 3,373 | - |

Total current liabilities | 102,161 | 108,668 | 115,712 |
Deferred income tax | 4 | 9,261 | - | 5,651 |
Long term debt | 9 | 257,639 | 244,881 | 244,881 |

Total liabilities | 369,061 | 354,383 | 366,244 |

Commitments and contingent liabilities | 11,12 | ... | ... |

Shareholders' equity:
Ordinary shares, $1.00 each

Authorised, issued and fully paid 171,411,000 shares | 171,411 | 171,411 | 171,411 |
Redeemable preference shares, $1.00 each
Authorised, issued and fully paid 39,997 shares | 40 | 40 | 40 |
Share premium reserve | 399,930 | 399,930 | 399,930 |
Retained earnings | 32,555 | 23,276 | 30,438 |

Total shareholders' equity | 603,936 | 594,657 | 601,819 |

Total liabilities and shareholders' equity | 972,997 | 949,040 | 968,063 |

The accompanying notes form part of and are to be read in conjunction with these financial statements.

On behalf of the Board

W J HARRISON B ASH
CHAIRMAN MANAGING DIRECTOR

CHRISTCHURCH, 17 DECEMBER 1991

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VUW Te Waharoa — NZ Gazette 1991, No 194

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✨ LLM interpretation of page content

🏭 Balance Sheet for Telecom South Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated17 December 1991
KeywordsFinancial Statements, Assets, Liabilities, Shareholders' Equity, Telecom South Limited
👱🏽 Names

W J Harrison, Chairman of the Board
B Ash, Managing Director

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