✨ 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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VUW Te Waharoa —
NZ Gazette 1992, No 205
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NZ Gazette 1992, No 205
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Telecom Central Limited and Subsidiary Financial Statements
(continued from previous page)
💰 Finance & Revenue12 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