✨ Financial Statements




28 JUNE NEW ZEALAND GAZETTE 2127

TELECOM AUCKLAND LIMITED

STATEMENT OF EARNINGS

FOR THE YEARS ENDED 31 MARCH

Notes 1991 1990
$000's $000's
Operating revenues 619,344 605,632
Operating expenses 2 (494,302) (475,266)
Earnings from operations 125,042 130,366
Interest income 3 31 1,536
Interest expense 3 (58,927) (37,280)
Earnings before income tax 66,146 94,622
Income tax 4 (20,519) (31,742)
Net earnings 45,627 62,880

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



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🏭 Telecommunications (Disclosure) Regulations 1990 Financial Statements (continued from previous page)

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