β¨ Financial Statements
29 JUNE
NEW ZEALAND GAZETTE
2209
TELECOM AUCKLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
2 OPERATING EXPENSES
| 1992 | 1991 |
|---|---|
| $000's | $000's |
| 484,917 | 494,302 |
Included in operating expenses are:
- Depreciation 125,435 117,228
- Audit fees 200 190
- Intercompany management fee 22,787 25,440
- Foreign exchange gains 5 (52)
- Lease and rental costs 16,265 15,376
3 INVESTMENT INCOME/INTEREST EXPENSE
| 1992 | 1991 |
|---|---|
| $000's | $000's |
| 3,798 | 31 |
Interest income:
- Intercompany 141 -
- Other 3,657 31
Interest expense:
- Intercompany (including finance lease charges) 53,661 59,452
- Other 33 4
53,694 59,456 - Less interest capitalised (163) (529)
53,531 58,927
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VUW Te Waharoa —
NZ Gazette 1992, No 97
NZLII —
NZ Gazette 1992, No 97
β¨ LLM interpretation of page content
π
Telecom Auckland Limited Financial Statements
(continued from previous page)
π Trade, Customs & Industry27 May 1992
Telecommunications, Financial Statements, Operating Expenses, Investment Income, Interest Expense