✨ 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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✨ LLM interpretation of page content

πŸ’° Telecom Wellington Limited Financial Statements (continued from previous page)

πŸ’° Finance & Revenue
12 November 1992
Financial Statements, Operating Expenses, Investment Income, Interest Expense