✨ Financial Statements




2128 NEW ZEALAND GAZETTE No. 97

TELECOM AUCKLAND LIMITED

BALANCE SHEET

AS AT 31 MARCH

Notes 1991 1990
$000's $000's

ASSETS

Current assets:

Cash | | 856 | 583 |
Accounts receivable and prepaid expenses | 5 | 112,463 | 128,042 |
Inventories | | 56,598 | 54,609 |
Prepaid income tax | 4 | 19,800 | 23,290 |

Total current assets | | 189,717 | 206,524 |

Other assets | 6 | 5,273 | 4,619 |
Fixed assets | 7 | 1,073,634| 993,414 |

Total assets | | 1,268,624| 1,204,557|

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Bank overdraft | | 7,994 | 3,211 |
Accounts payable and accruals | 8 | 278,485 | 207,505 |
Proposed dividend | 10 | - | 41,136 |

Total current liabilities | | 286,479 | 251,852 |

Deferred income tax | 4 | 2,100 | 1,264 |
Long term debt | 9 | 284,491 | 284,491 |

Total liabilities | | 573,070 | 537,607 |

Commitments and contingent liabilities | 11,12 | | |

Shareholders' equity:

Ordinary shares, $1.00 each

  • Authorised, issued and fully paid 199,146,000 shares | | 199,146 | 199,146 |
    Redeemable preference shares, $1.00 each
  • Authorised, issued and fully paid 46,466 shares | | 46 | 46 |
    Share premium reserve | | 464,614 | 464,614 |
    Retained earnings | | 31,748 | 3,144 |

Total shareholders' equity | | 695,554 | 666,950 |

Total liabilities and shareholders' equity | | 1,268,624| 1,204,557|

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 P BLADES
CHAIRMAN MANAGING DIRECTOR

AUCKLAND, 7 JUNE 1994



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✨ LLM interpretation of page content

🏭 Telecom Auckland Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
7 June 1994
Telecommunications, Balance Sheet, Assets, Liabilities, Shareholders' Equity
  • W J Harrison, Chairman
  • P Blades, Managing Director