✨ Financial Statements
28 JUNE NEW ZEALAND GAZETTE 2135
TELECOM AUCKLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
| 1991 | 1990 | |
|---|---|---|
| $000's | $000's |
7 FIXED ASSETS
Telecommunication equipment:
- Cost | 1,069,665 | 899,984 |
- Accumulated depreciation | (344,442) | (267,841) |
| 725,223 | 632,143 |
Capital work in progress | 101,135 | 189,452 |
Land | 57,682 | 58,219 |
Buildings:
- Cost | 130,903 | 71,596 |
- Accumulated depreciation | (10,911) | (6,764) |
| 119,992 | 64,832 |
Other fixed assets:
- Cost | 115,903 | 81,532 |
- Accumulated depreciation | (46,301) | (32,764) |
| 69,602 | 48,768 |
Total cost | 1,475,288 | 1,300,783 |
Total accumulated depreciation | (401,654) | (307,369) |
Total net book value | 1,073,634 | 993,414 |
Included in telecommunications equipment is equipment (principally customer premises equipment) leased to customers under operating leases with a cost of $191.4 million (1990: $184.2 million), together with accumulated depreciation of $110.1 million (1990: $92.2 million).
Other fixed assets include tools and plant, vehicles, office equipment, furniture and fittings and computer equipment.
REGISTRATION OF TITLE TO LAND
Certificates of title for freehold interests in land included in the assets purchased from the Crown are being progressively raised by the Crown and transferred to Group companies. Titles for approximately 90% (1990: less than 50%) of the freehold interests have now been issued and, for the remainder, equitable ownership rests with the Group.
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1991, No 97
NZLII —
NZ Gazette 1991, No 97
✨ LLM interpretation of page content
🏭
Telecom Auckland Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & Industry7 June 1994
Telecommunications, Fixed Assets, Financial Reporting, Depreciation, Leasing, Land Registration