✨ Telecom Financial Statements
2212
NEW ZEALAND GAZETTE
No. 97
TELECOM AUCKLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
7 FIXED ASSETS
| 1992 | 1991 | |
|---|---|---|
| $000's | $000's | |
| Telecommunication equipment: | ||
| - Cost | 1,168,661 | 1,069,665 |
| - Accumulated depreciation | (409,281) | (344,442) |
| 759,380 | 725,223 | |
| Capital work in progress | 65,821 | 101,135 |
| Land | 57,405 | 57,682 |
| Buildings: | ||
| - Cost | 137,366 | 130,903 |
| - Accumulated depreciation | (14,382) | (10,911) |
| 122,984 | 119,992 | |
| Other fixed assets: | ||
| - Cost | 132,023 | 115,903 |
| - Accumulated depreciation | (54,733) | (46,301) |
| 77,290 | 69,602 | |
| Total cost | 1,561,276 | 1,475,288 |
| Total accumulated depreciation | (478,396) | (401,654) |
| Total net book value | 1,082,880 | 1,073,634 |
Included in telecommunications equipment, at 31 March 1992 and 31 March 1991 respectively, is equipment (principally customer premises equipment) leased to customers under operating leases with a cost of $191.2 million and $180.0 million, together with accumulated depreciation of $140.1 million and $108.9 million.
Other fixed assets include tools and plant, vehicles, office equipment, furniture and fittings 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 31 March 1992, assets capitalised under finance leases associated with this transaction had a cost of $75.8 million and accumulated depreciation of $5.1 million.
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VUW Te Waharoa —
NZ Gazette 1992, No 97
NZLII —
NZ Gazette 1992, No 97
✨ LLM interpretation of page content
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Telecom Auckland Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & Industry27 May 1992
Telecommunications, Financial Statements, Fixed Assets, Depreciation, Leaseback