✨ Financial Statements




28 JUNE NEW ZEALAND GAZETTE 2159

TELECOM WELLINGTON LIMITED

STATEMENT OF EARNINGS

FOR THE YEAR ENDED 31 MARCH

Notes 1991 1990
$000's $000's
Operating revenues 328,867 344,888
Operating expenses 2 (248,440) (241,422)
Earnings from operations 80,427 103,466
Investment income 3 994 3,972
Interest expense 3 (20,819) (19,212)
Earnings before income tax 60,602 88,226
Income tax 4 (19,931) (29,448)
Net earnings 40,671 58,778

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



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

🏭 Trade, Customs & Industry
28 June 1991
Telecommunications, Financial Reporting, Earnings, Revenue, Expenses, Tax