New Zealand Gazette – 1992 – No. 205

Page 4570

✨ Financial Statements



4570 NEW ZEALAND GAZETTE No. 205

TELECOM CENTRAL LIMITED AND SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

7 FIXED ASSETS

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

Telecommunication equipment:

- Cost 1,089,999 1,001,235 1,047,342
- Accumulated depreciation (421,666) (334,556) (373,149)
668,333 666,679 674,193
--- --- --- ---
Capital work in progress 32,884 50,856 33,106
Land 16,858 18,659 17,520

Buildings:

- Cost 122,053 105,932 107,382
- Accumulated depreciation (23,397) (15,003) (16,688)
98,656 90,929 90,694

Other fixed assets:

- Cost 87,727 103,435 114,670
- Accumulated depreciation (41,702) (46,317) (52,425)
46,025 57,118 62,245
--- --- --- ---
Total cost 1,349,521 1,280,117 1,320,020
Total accumulated depreciation (486,765) (395,876) (442,262)
Total net book value 862,756 884,241 877,758

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 $105.2 million, $103.3 million and $102.6 million, together with accumulated depreciation of $91.8 million, $79.3 million and $87.2 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, 30 September 1991 and 31 March 1992, assets capitalised under finance leases associated with this transaction had a cost of $50.3 million and accumulated depreciation of $6.3 million (30 September 1991: $0.6 million, 31 March 1992: $3.6 million).



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1992, No 205


NZLII — 🌐 NZ Gazette 1992, No 205




✨ LLM interpretation of page content

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

💰 Finance & Revenue
12 November 1992
Financial Statements, Fixed Assets, Telecommunication Equipment, Depreciation, Leaseback, Capitalisation