✨ Financial Statements




4606 NEW ZEALAND GAZETTE No. 205

TELECOM SOUTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

7. FIXED ASSETS

30 September 31 March
1992 1991 1992
$000's $000's $000's
Telecommunication equipment:
- Cost 1,055,453 963,895 1,003,223
- Accumulated depreciation (392,165) (313,794) (343,180)
663,288 650,101 660,043
Capital work in progress 26,287 49,240 37,056
Land 34,860 37,678 35,186
Buildings:
- Cost 107,174 91,700 91,595
- Accumulated depreciation (16,247) (12,269) (10,004)
90,927 79,431 81,591
Other fixed assets:
- Cost 75,802 101,135 112,785
- Accumulated depreciation (37,534) (42,062) (48,094)
38,268 59,073 64,691
Total cost 1,299,576 1,243,648 1,279,845
Total accumulated depreciation (445,946) (368,125) (401,278)
Total net book value 853,630 875,523 878,567

Included in telecommunications equipment, at 30 September 1992 and 30 September 1991 and 31 March 1992 respectively, is equipment (principally customer premises equipment) leased to customers under operating leases with a cost of $120.4 million, $121.4 million and $117.6 million, together with accumulated depreciation of $102.7 million, $89.7 million and $97.2 million.

During the period to 30 September 1992 there were reclassifications from other fixed assets of tools and plant, and fittings to telecommunications equipment and buildings respectively. Other fixed assets now include vehicles, office equipment, furniture and computer equipment.

During the year ended 31 March 1992, the Company entered into a sale and leaseback of telecommunications equipment with a fellow group company. At 30 September 1992, assets capitalised under finance leases associated with this transaction had a cost of $49.1 million (30 September 1991: $34.6 million, 31 March 1992: $49.1 million) and accumulated depreciation of $7.1 million (30 September 1991: $0.3 million, 31 March 1992: $3.4 million).



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

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

πŸ’° Finance & Revenue
12 November 1992
Financial Statements, Notes, Fixed Assets, Telecommunication Equipment, Capital Work in Progress, Land, Buildings, Other Fixed Assets, Depreciation, Leaseback