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New Zealand Gazette – 1992 – No. 205

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✨ Financial Statements

4552

NEW ZEALAND GAZETTE

No. 205

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

7 FIXED ASSETS

	30 September		31 March
	1992	1991	1992
	$000's	$000's	$000's
Telecommunication equipment:	1,223,488	1,110,058	1,168,661
- Cost
- Accumulated depreciation	(466,403)	(363,652)	(409,281)
	757,085	746,406	759,380
Capital work in progress	41,460	91,700	65,821
Land	57,581	57,668	57,405
Buildings:	151,718	132,087	137,366
- Cost
- Accumulated depreciation	(20,979)	(12,894)	(14,382)
	130,739	119,193	122,984
Other fixed assets:	111,773	114,726	132,023
- Cost
- Accumulated depreciation	(47,548)	(50,288)	(54,733)
	64,225	64,438	77,290
Total cost	1,586,020	1,506,239	1,561,276
Total accumulated depreciation	(534,930)	(426,834)	(478,396)
Total net book value	1,051,090	1,079,405	1,082,880

Included in telecommunications equipment, at 30 September 1992, 30 September 1991 and 31 March 1992 respectively, is equipment (principally customer premises equipment) leased to customers under operating leases with a cost of $196.5 million, $185.2 million and $191.2 million, together with accumulated depreciation of $154.7 million, $123.8 million and $140.1 million.

During the period to 30 September 1992, there were reclassifications from other fixed assets of tools and plant, and fittings to telecommunications equipment and buildings respectively. Other fixed assets now include vehicles, office equipment, furniture and computer equipment.

During the year ended 31 March 1992, the Company entered into a sale and leaseback of telecommunications equipment with a fellow group company. At 30 September 1992, assets capitalised under finance leases associated with this transaction had a cost of $75.8 million (30 September 1991: $65.6 million, 31 March 1992: $75.8 million) and accumulated depreciation of $9.0 million (30 September 1991: $1.2 million, 31 March 1992: $5.1 million).

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VUW Te Waharoa — NZ Gazette 1992, No 205

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✨ LLM interpretation of page content

🏭 Financial Statements under Telecommunications (Disclosure) Regulations 1990 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsTelecommunications, Financial Statements, Fixed Assets, Depreciation, Leaseback

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