✨ Financial Statements
2176
NEW ZEALAND GAZETTE
No. 97
TELECOM SOUTH LIMITED
BALANCE SHEET
AS AT 31 MARCH
| Notes | 1991 | 1990 |
|---|---|---|
| $000's | $000's |
ASSETS
Current assets:
Cash
2,519
266
Accounts receivable and prepaid expenses
5
58,533
92,756
Inventories
23,339
27,586
Prepaid income tax
4
1,780
3,095
Total current assets
86,171
123,703
Other assets
6
6,213
4,340
Fixed assets
7
875,679
812,072
Total assets
968,063
940,115
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank overdraft
4,963
3,237
Accounts payable and accruals
8
110,749
88,537
Proposed dividend
10
20,285
Total current liabilities
115,712
112,059
Deferred income tax
4
5,651
3,891
Long term debt
9
244,881
244,881
Total liabilities
366,244
360,831
Commitments and contingent liabilities
11,12
Shareholders' equity:
10
Ordinary shares, $1.00 each
-Authorised, issued and fully paid 171,411,000 shares
171,411
171,411
Redeemable preference shares, $1.00 each
-Authorised, issued and fully paid 39,997 shares
40
40
Share premium reserve
399,930
399,930
Retained earnings
30,438
7,903
Total shareholders' equity
601,819
579,284
Total liabilities and shareholders' equity
968,063
940,115
The accompanying notes form part of and are to be read in conjunction with these financial statements.
On behalf of the Board
W J HARRISON
CHAIRMAN
B ASH
MANAGING DIRECTOR
CHRISTCHURCH, 7 JUNE 1991
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VUW Te Waharoa —
NZ Gazette 1991, No 97
NZLII —
NZ Gazette 1991, No 97
✨ LLM interpretation of page content
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Telecom South Limited Balance Sheet
(continued from previous page)
🏭 Trade, Customs & Industry7 June 1991
Telecommunications, Financial Reporting, Balance Sheet, Assets, Liabilities
- W J Harrison, Chairman
- B Ash, Managing Director