✨ Financial Statements




29 JUNE NEW ZEALAND GAZETTE 2203

TELECOM AUCKLAND LIMITED

STATEMENT OF EARNINGS

FOR THE YEAR ENDED 31 MARCH 1992

Notes 1992 1991
$000's $000's
Operating revenues 13 584,051 619,344
Operating expenses 2 (484,917) (494,302)
Earnings from operations 99,134 125,042
Investment income 3 3,798 31
Interest expense 3 (53,531) (58,927)
Earnings before income tax 49,401 66,146
Income tax 4 (11,259) (20,519)
Net earnings 13 38,142 45,627

The accompanying notes form part of and are to be read in conjunction with these financial statements.



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