New Zealand Gazette – 1991 – No. 97

Page 2133

✨ Financial Statements



28 JUNE NEW ZEALAND GAZETTE 2133

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

1991 1990
$000's $000's
2 OPERATING EXPENSES 494,302 475,266

Included in operating expenses are:

  • Depreciation 117,228 106,629
  • Audit fees 190 152
  • Intercompany management fee 25,440 29,731
  • Foreign exchange (gains)/losses (52) 2,212
  • Lease and rental costs 32,196 33,428

The formula used in determining the amount of labour and overhead capitalised to the cost of self constructed assets has been varied with the effect that for the year ended 31 March 1991 an additional $8.5 million of overhead which otherwise would have been charged to earnings after taxation, was capitalised.

1991 1990
$000's $000's
3 INTEREST

Interest income:

  • Intercompany - 1,509

  • Other 31 27

                      **Total**   31      1,536

Interest expense:

  • Intercompany 59,452 43,455

  • Other 4 7

                      **Total**   59,456      43,462

  • Less interest capitalised (529) (6,182)

                              58,927      37,280


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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, Accounting Policies, Revenue Recognition, Fixed Assets, Liabilities, Pensions, Taxation, Foreign Currencies, Operating Expenses, Depreciation, Audit Fees, Intercompany Management Fee, Foreign Exchange, Lease and Rental Costs, Interest Income, Interest Expense, Interest Capitalised