✨ Financial Statements Notes
NEW ZEALAND GAZETTE
No. 205
TELECOM SOUTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
9 LONG TERM DEBT
| 30 September | 31 March | ||
|---|---|---|---|
| 1992 | 1991 | 1992 | |
| $000's | $000's | $000's | |
| Parent company loan | 245,981 | 226,041 | 246,661 |
Other loans
- Due to fellow group company
| | 45,334 | 34,620 | 47,618 |
| Less long term debt maturing within one year | (5,031) | (3,022) | (4,719) |
| | 40,303 | 31,598 | 42,899 |
| Total | 286,284 | 257,639 | 289,560 |
Interest rates on the parent company loan ranged from 12.29% to 12.77% for the six months ended 30 September 1992. The parent company loan has no fixed date for repayment.
| SCHEDULE OF MATURITIES - Other loans | 30 September | 31 March | |
|---|---|---|---|
| 1992 | 1991 | 1992 | |
| $000's | $000's | $000's | |
| Due 1 to 2 years | 29,198 | 3,799 | 5,363 |
| Due 2 to 3 years | 11,105 | 27,799 | 37,536 |
| Total due after one year | 40,303 | 31,598 | 42,899 |
Other loans are for the finance lease obligations of telecommunication equipment, with interest and principal paid quarterly at 12.9% p.a.
10 SHAREHOLDERS' EQUITY
SHARE PREMIUM RESERVE
| 30 September | 31 March | ||
|---|---|---|---|
| 1992 | 1991 | 1992 | |
| $000's | $000's | $000's | |
| Balance at beginning of period (consisting of a premium of $9,999 on 37,997 redeemable preference shares) | 379,932 | 399,930 | 399,930 |
| Movements during the period | |||
| - Premium of $9,999 on 1,200 redeemable preference shares | (11,999) | - | - |
| - Premium of $9,999 on 2,000 redeemable preference shares | - | - | (19,998) |
| 367,933 | 399,930 | 379,932 |
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1992, No 205
NZLII —
NZ Gazette 1992, No 205
✨ LLM interpretation of page content
💰
Telecom South Limited Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Notes, Long Term Debt, Shareholders' Equity, Share Premium Reserve