New Zealand Gazette – 1992 – No. 205

Page 4587

✨ Financial Statements Notes



18 DECEMBER

NEW ZEALAND GAZETTE

4587

TELECOM WELLINGTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

5 ACCOUNTS RECEIVABLE AND PREPAID EXPENSES
30 September 31 March
1992 1991 1992
$000's $000's $000's
------------------- -------------- ---------- ----------
Accounts receivable, net of allowance for doubtful accounts of $2.5 million (September 1991: $4.7 million, March 1992: $3.5 million) 19,851 38,386 24,990
Unbilled rentals and tolls 14,343 19,977 18,636
Due from fellow subsidiary companies 1,852 2,163 2,141
Due from parent company - - 11,744
Prepaid expenses and other 847 241 720
36,893 60,767 58,231

6 SHORT TERM INVESTMENTS
30 September 31 March
1992 1991 1992
$000's $000's $000's
------------------- -------------- ---------- ----------
Redeemable preference units 3,123 3,123 3,123
Redeemable preference shares in fellow subsidiary company - 54,000 -
3,123 57,123 3,123

7 INVESTMENTS
30 September 31 March
1992 1991 1992
$000's $000's $000's
------------------- -------------- ---------- ----------
Redeemable preference shares:
- Fellow subsidiary companies 214,840 210,840 215,520
- Other 10,600 10,600 10,600
225,440 221,440 226,120

8 OTHER ASSETS

Other assets include certain deferred expenditure amounting to $0.9 million (30 September 1991: nil, 31 March 1992: $1.1 million) incurred in relation to the installation of major computer systems. The deferred costs relating to each phase of the system are charged to earnings over a period of two years from the date upon which that phase of the system becomes fully operational. Deferred costs amortised during the six months ended 30 September 1992 amounted to $0.3 million (30 September 1991: nil, 31 March 1992: $0.5 million).



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💰 Telecom Wellington Limited Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Statements, Accounts Receivable, Prepaid Expenses, Short Term Investments, Investments, Other Assets