✨ 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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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
7 June 1991
Telecommunications, Financial Reporting, Operating Expenses, Investment Income, Interest Expense, Depreciation, Audit Fees, Intercompany Management Fee, Lease and Rental Costs