✨ Financial Statements




28 JUNE NEW ZEALAND GAZETTE 2175

TELECOM SOUTH LIMITED

STATEMENT OF EARNINGS

FOR THE YEAR ENDED 31 MARCH

Notes 1991 1990
$000's $000's
Operating revenues 436,366 399,859
Operating expenses 2 (328,719) (326,919)
Earnings from operations 107,647 72,940
Interest income 3 174 787
Interest expense 3 (32,540) (34,509)
Earnings before income tax 75,281 39,218
Income tax 4 (25,057) (11,030)
Net earnings 50,224 28,188

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



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🏭 Telecom South Limited Statement of Earnings

🏭 Trade, Customs & Industry
Telecommunications, Financial Reporting, Earnings Statement, Revenue, Expenses