New Zealand Gazette – 1992 – No. 205

Page 4591

✨ Financial Statements



18 DECEMBER NEW ZEALAND GAZETTE 4591

TELECOM WELLINGTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

12 SHAREHOLDERS' EQUITY (Continued)

RETAINED EARNINGS

30 September 31 March
$000's $000's $000's
Balance at beginning of period 53,454 46,234 46,234
Net earnings 6,562 12,845 30,392
60,016 59,079 76,626
Transfer to capital redemption reserve (3) - (4)
Dividends (7,050) (14,640) (23,168)
Balance at end of period 52,963 44,439 53,454

DIVIDENDS

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

Six months ended 30 September Year ended 31 March
1992 1991 1992
$000's $000's $000's
Interim dividends 7,050 14,640 23,168
Final dividend - - -
7,050 14,640 23,168

13 COMMITMENTS

OPERATING LEASES

Operating lease commitments are mainly in respect of leases of land and buildings. Minimum rental commitments as at 30 September 1992 for all non-cancellable operating leases are:

(in millions)

Payable within 1 year 9.3
Payable within 1-2 years 8.8
Payable within 2-3 years 8.5
Payable within 3-4 years 8.1
Payable within 4-5 years 7.8
Payable thereafter 25.8

                      $68.3

CAPITAL COMMITMENTS

As at 30 September 1992 capital expenditure amounting to $1.9 million (30 September 1991: $8.6 million, 31 March 1992: $1.7 million) has been committed under contractual arrangements.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1992, No 205


NZLII — PDF NZ Gazette 1992, No 205




✨ LLM interpretation of page content

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

💰 Finance & Revenue
Financial Statements, Shareholders' Equity, Retained Earnings, Dividends, Operating Leases, Capital Commitments