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New Zealand Gazette – 1992 – No. 205

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✨ Financial Statements

18 DECEMBER

NEW ZEALAND GAZETTE

4573

TELECOM CENTRAL LIMITED AND SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

10. SHAREHOLDERS’ EQUITY

SHARE PREMIUM RESERVE

	30 September		31 March
	1992	1991	1992
	$000’s	$000’s	$000’s
Balance at beginning of period	459,054	419,058	419,058

(Consisting of a premium of $9,999 on 45,910 redeemable preference shares)
| Movements during the period | | | |
| - Premium of $9,999 on 350 redeemable preference shares | (3,500) | - | - |
| - Premium of $9,999 on 4,000 redeemable preference shares | - | - | 39,996 |
| | 455,554 | 419,058 | 459,054 |

Dividends declared apply to redeemable preference shares as if they were ordinary shares. On winding up of the company preference shareholders rank in priority to ordinary shareholders in respect of outstanding dividends and the issue price of the redeemable preference shares. The redeemable preference shares are subject to redemption, at the issue price five days after written notice from the holder.

RETAINED EARNINGS

	30 September		31 March
	1992	1991	1992
	$000’s	$000’s	$000’s
Balance at beginning of period	32,874	15,741	15,741
Net earnings	32,392	35,066	76,178
	65,266	50,807	91,919
Dividends	(30,270)	(31,571)	(59,045)
Balance at end of period	34,996	19,236	32,874

DIVIDENDS

Interim and final dividends declared from the retained earnings of the Company are as follows:

	Six months ended		Year ended
	30 September		31 March
	1992	1991	1992
	$000’s	$000’s	$000’s
Interim dividends	30,270	31,571	59,045
Final dividend	-	-	-
	30,270	31,571	59,045

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VUW Te Waharoa — NZ Gazette 1992, No 205

NZLII — NZ Gazette 1992, No 205

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

Domain💰 Finance & Revenue
Dated12 November 1992
KeywordsFinancial Statements, Shareholders' Equity, Share Premium Reserve, Retained Earnings, Dividends

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