β¨ Financial Statements
18 DECEMBER NEW ZEALAND GAZETTE 4585
TELECOM WELLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
2. OPERATING EXPENSES
| Six months ended 30 September | Year ended 31 March | ||
|---|---|---|---|
| 1992 | 1991 | 1992 | |
| $000's | $000's | $000's | |
| Total Operating Expenses | 119,471 | 127,065 | 245,667 |
Included in operating expenses are:
- Depreciation | 27,947 | 27,282 | 56,113 |
- Audit fees | 102 | 100 | 200 |
- Intercompany management fee | 6,867 | 6,252 | 12,532 |
- Lease and rental costs | 6,242 | 6,443 | 11,863 |
3. INVESTMENT INCOME/INTEREST EXPENSE
| Six months ended 30 September | Year ended 31 March | ||
|---|---|---|---|
| 1992 | 1991 | 1992 | |
| $000's | $000's | $000's |
Interest income:
-
Intercompany | 291 | 1,069 | 2,045 |
-
Other | 6 | 28 | 596 |
| 297 | 1,097 | 2,641 |
Dividend income from fellow subsidiary company | 8,772 | 5,271 | 15,208 |
Total investment income | 9,069 | 6,368 | 17,849 |
Interest expense:
- Intercompany | 23,208 | 17,646 | 42,188 |
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VUW Te Waharoa —
NZ Gazette 1992, No 205
NZLII —
NZ Gazette 1992, No 205
β¨ LLM interpretation of page content
π°
Telecom Wellington Limited Financial Statements
(continued from previous page)
π° Finance & Revenue12 November 1992
Financial Statements, Operating Expenses, Investment Income, Interest Expense