✨ Financial Statements




28 JUNE NEW ZEALAND GAZETTE 2143

TELECOM CENTRAL LIMITED AND SUBSIDIARY

CONSOLIDATED STATEMENT OF EARNINGS

FOR THE YEARS ENDED 31 MARCH

Notes 1991 1990
$000's $000's

Operating revenues | 500,081 | 232,243 |
Operating expenses | (369,608) | (172,277) |
Earnings from operations | 130,473 | 59,966 |
Interest income | 1,982 | 2,828 |
Interest expense | (37,963) | (18,281) |
Earnings before income tax| 94,492 | 44,513 |
Income tax | (32,138) | (13,790) |
Net earnings | 62,354 | 30,723 |

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



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

🏭 Trade, Customs & Industry
7 June 1991
Telecommunications, Financial Reporting, Audit, Accounting Records