✨ Financial Statements
NEW ZEALAND GAZETTE
No. 97
TELECOM CENTRAL LIMITED AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH
| Notes | 1991 | 1990 | |
|---|---|---|---|
| $000's | $000's |
ASSETS
Current assets:
Cash | | 1,055 | 730 |
Accounts receivable and prepaid expenses | 5 | 72,824 | 53,853 |
Inventories | | 26,922 | 13,537 |
Prepaid income tax | 4 | 6,648 | - |
Total current assets | | 107,449 | 68,120 |
Future tax benefit | 4 | - | 13,008 |
Other assets | 6 | 10,008 | - |
Fixed assets | 7 | 897,393 | 416,871 |
Total assets | | 1,014,850 | 497,999 |
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Bank overdraft | | 2,848 | 715 |
Accounts payable and accruals | 8 | 224,787 | 41,919 |
Debt due within one year | | 727 | - |
Taxation payable | 4 | - | 5,318 |
Proposed dividend | 10 | - | 19,602 |
Total current liabilities | | 228,362 | 67,554 |
Deferred income tax | 4 | 8,419 | - |
Long term debt | 9 | 254,772 | 126,358 |
Total liabilities | | 491,553 | 193,912 |
Commitments and contingent liabilities | 11,12 | | |
Shareholders’ equity:
- Ordinary shares, $1.00 each
- Authorised, issued and fully paid 88,456,000 shares | | 88,456 | 88,456 |
- Redeemable preference shares, $1.00 each
- Authorised, issued and fully paid 41,910 shares | | 42 | 21 |
Share premium reserve | | 419,058 | 206,359 |
Retained earnings | | 15,741 | 9,251 |
- Authorised, issued and fully paid 41,910 shares | | 42 | 21 |
Total shareholders’ equity | | 523,297 | 304,087 |
Total liabilities and shareholders’ equity | | 1,014,850 | 497,999 |
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
CHAIRMAN
N R NICHOLLS
MANAGING DIRECTOR
HAMILTON, 7 JUNE 1991
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VUW Te Waharoa —
NZ Gazette 1991, No 97
NZLII —
NZ Gazette 1991, No 97
✨ LLM interpretation of page content
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Telecom Central Limited Financial Statements
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🏭 Trade, Customs & Industry7 June 1991
Telecommunications, Financial Reporting, Audit, Accounting Records
- W J Harrison, Chairman of the Board
- N R Nicholls, Managing Director
- W J Harrison, Chairman
- N R Nicholls, Managing Director