New Zealand Gazette – 1992 – No. 205

Page 4562

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 205

TELECOM CENTRAL LIMITED AND SUBSIDIARY

CONSOLIDATED BALANCE SHEET

AS AT 30 SEPTEMBER 1992

Notes 30 September 1992 30 September 1991 31 March 1992
$000's $000's $000's

ASSETS

Current assets:

Cash 78 887 1,268
Accounts receivable and prepaid expenses 5 102,068 76,172 68,257
Inventories 11,800 18,520 13,080
Total current assets 113,946 95,579 82,605
Investment in fellow subsidiary company 1,020 780 1,180
Other assets 6 5,076 9,679 6,823
Fixed assets 7 862,756 884,241 877,758
Total assets 982,798 990,279 968,366

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Bank overdraft 239 1,059 -
Debt due within one year 9 4,911 4,199 4,805
Taxation payable 4 12,419 7,077 6,450
Accounts payable and accruals 8 51,223 69,152 70,253
Proposed dividend 30,270 31,571 -
Total current liabilities 99,062 113,058 81,508
Deferred income tax 4 7,277 8,350 6,418
Long term debt 9 297,407 342,079 300,010
Total liabilities 403,746 463,487 387,936
Commitments and contingent liabilities 11,12

Shareholders' equity:
Ordinary shares, $1.00 each
- Authorised, issued and fully paid 88,456,000 shares 88,456 88,456 88,456
Redeemable preference shares, $1.00 each
- Authorised, issued and fully paid 45,560 shares 46 42 46
--- --- --- --- --- ---
Share premium reserve 455,554 419,058 459,054
Retained earnings 34,996 19,236 32,874
Total shareholders' equity 579,052 526,792 580,430
Total liabilities and shareholders' equity 982,798 990,279 968,366

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

On behalf of the Board

G A HODDINOTT
DIRECTOR

S E GLENN
DIRECTOR

HAMILTON, 12 NOVEMBER 1992



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✨ LLM interpretation of page content

💰 Telecom Central Limited and Subsidiary Financial Statements (continued from previous page)

💰 Finance & Revenue
12 November 1992
Financial Statements, Earnings, Telecom Central Limited, Subsidiary, Consolidated, Operating Revenues, Operating Expenses, Earnings from Operations, Investment Income, Interest Expense, Earnings Before Income Tax, Income Tax, Net Earnings
  • G A Hoddinott, Director
  • S E Glenn, Director