β¨ Financial Statements Continuation
28 JUNE NEW ZEALAND GAZETTE 2165
TELECOM WELLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
| 1991 | 1990 | |
|---|---|---|
| $000's | $000's | |
| 2 OPERATING EXPENSES | ||
| 248,440 | 241,422 |
Included in Operating expenses are:
- Depreciation | 50,271 | 52,580 |
- Audit fees | 190 | 135 |
- Intercompany management fee | 12,510 | 15,466 |
- Lease and rental costs | 13,301 | 6,493 |
| 1991 | 1990 | |
|---|---|---|
| $000's | $000's | |
| 3 INVESTMENT INCOME/INTEREST EXPENSE |
Investment income:
-
Intercompany interest | 125 | 3,972 |
-
Intercompany dividends| 869 | - |
| 994 | 3,972 |
Interest expense:
-
Intercompany | 20,819 | 19,347 |
-
Less interest capitalised | - | (135) |
| 20,819 | 19,212 |
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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 & Industry7 June 1991
Telecommunications, Financial Reporting, Operating Expenses, Investment Income, Interest Expense, Depreciation, Audit Fees, Intercompany Management Fee, Lease and Rental Costs