β¨ 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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VUW Te Waharoa —
NZ Gazette 1991, No 97
NZLII —
NZ Gazette 1991, No 97
β¨ LLM interpretation of page content
π
Telecom Wellington Limited Financial Statements
(continued from previous page)
π Trade, Customs & Industry28 June 1991
Telecommunications, Financial Reporting, Earnings, Revenue, Expenses, Tax