β¨ 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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VUW Te Waharoa —
NZ Gazette 1991, No 97
NZLII —
NZ Gazette 1991, No 97
β¨ LLM interpretation of page content
π
Telecom Auckland Limited Financial Statements
(continued from previous page)
π Trade, Customs & Industry7 June 1994
Telecommunications, Balance Sheet, Assets, Liabilities, Shareholders' Equity
- W J Harrison, Chairman
- P Blades, Managing Director