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New Zealand Gazette – 1992 – No. 205

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✨ Financial Statements

4558 NEW ZEALAND GAZETTE No. 205

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

13 RELATED PARTY TRANSACTIONS (Continued)

Outstanding intercompany balances as at 30 September 1992 are:

Intercompany receivable $1.5 million
Intercompany payable and current account $34.3 million
Intercompany term liabilities $356.6 million

With the exception of the current account and the term liability to parent company, the balances are payable on normal trading terms. The current account is on call and the term liability to parent company has no fixed date for repayment. No related party debts have been written off or forgiven during the year.

14 FELLOW SUBSIDIARY COMPANIES

At 30 September 1992 the principal fellow subsidiaries were as follows:

Telecom Central Limited
Telecom Wellington Limited
Telecom South Limited
Telecom Networks and Operations Limited
Telecom New Zealand International Limited (formerly Telecom Networks and International Limited)
Telecom Directories Limited
Telecom Equipment Supplies Limited
Telecom Cellular Limited
Telecom Mobile Radio Limited
Telecom Repair Services Limited
Telecom Paging Limited
New Zealand Telecommunications Systems Support Centre Limited
Comtel Communications Limited
Telecom Corporation of New Zealand (Overseas Finance) Limited
TCNZ (UK) Investments Limited
TCNZ (United Kingdom) Securities Limited
TCNZ Finance Limited
TCNZ Financial Services Limited
Telecom Wellington Investments Limited
Telecom Operations Limited
TCNZ Equities Limited (formerly Mokuso Holdings Limited)
Telecom Insurance, Inc
Telecom Purchasing Limited
Jetstream Technology Limited

In-substance subsidiaries

Netway Communications Limited

Associate companies

Pacific Star Communications Pty Limited

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The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

💰 Telecom Auckland Limited Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Related Party Transactions, Intercompany Balances, Fellow Subsidiaries, Associate Companies

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