✨ Financial Statements
NEW ZEALAND GAZETTE
No. 205
TELECOM WELLINGTON LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 1992
| Notes | 30 September | 31 March | ||
|---|---|---|---|---|
| 1992 | 1991 | 1992 | ||
| $000's | $000's | $000's |
ASSETS
Current assets:
Cash | | 2,819 | 113 | 1,647 |
Short term investments | 6 | 3,123 | 57,123 | 3,123 |
Accounts receivable and prepaid expenses | 5 | 36,893 | 60,767 | 58,231 |
Inventories | | 11,839 | 15,142 | 12,259 |
Prepaid income tax | 4 | 7,840 | 972 | 2,993 |
Total current assets | | 62,514 | 134,117 | 78,253 |
Future tax benefit | 4 | 6,987 | 4,429 | 7,877 |
Investments | 7 | 225,440 | 221,440 | 226,120 |
Other assets | 8 | 1,507 | 1,374 | 1,972 |
Fixed assets | 9 | 404,462 | 418,316 | 420,217 |
Total assets | | 700,910 | 779,676 | 734,439 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank overdraft | | - | 59 | -
Accounts payable and accruals | 10 | 36,821 | 95,269 | 55,032 |
Proposed dividend | | 7,050 | 14,640 | -
Total current liabilities | | 43,871 | 109,968 | 55,032 |
Long term debt | 11 | 361,015 | 316,215 | 361,695 |
Total liabilities | | 404,886 | 426,183 | 416,727 |
Commitments and contingent liabilities | 13,14 | ...
Shareholders' equity:
Ordinary shares, $1.00 each
- Authorised, issued and fully paid 92,714,000 shares | | 92,714 | 92,714 | 92,714 |
Redeemable preference shares, $1.00 each - Authorised, issued and fully paid 15,034 shares | | 15 | 22 | 17 |
Share premium reserve | | 150,325 | 216,318 | 171,523 |
Capital redemption reserve | | 7 | - | 4 |
Retained earnings | | 52,963 | 44,439 | 53,454 |
Total shareholders' equity | | 296,024 | 353,493 | 317,712 |
Total liabilities and shareholders' equity | | 700,910 | 779,676 | 734,439 |
The accompanying notes form part of and are to be read in conjunction with these financial statements.
On behalf of the Board
D L VAN GILDER
DIRECTOR
D M LOCKE
DIRECTOR
WELLINGTON, 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 Wellington Limited Financial Statements
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💰 Finance & Revenue12 November 1992
Financial Statements, Earnings, Operating Revenues, Operating Expenses, Investment Income, Interest Expense, Income Tax, Net Earnings, Balance Sheet, Assets, Liabilities, Shareholders' Equity
- D L Van Gilder, Director
- D M Locke, Director