✨ Financial Statements




NEW ZEALAND GAZETTE

No. 97

TELECOM CENTRAL LIMITED AND SUBSIDIARY

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 1992

Notes 1992 1991
$000's $000's

ASSETS

Current assets:
Cash | | 1,268 | 1,055 |
Accounts receivable and prepaid expenses | 5 | 68,257 | 72,824 |
Inventories | | 13,080 | 26,922 |
Prepaid income tax | 4 | - | 6,648 |

Total current assets | | 82,605 | 107,449 |

Investment in fellow subsidiary company | | 1,180 | - |
Other assets | 6 | 6,823 | 10,008 |
Fixed assets | 7 | 877,758 | 897,393 |

Total assets | | 968,366 | 1,014,850 |

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Bank overdraft | | - | 2,848 |
Debt due within one year | 9 | 4,805 | 727 |
Taxation payable | 4 | 6,450 | - |
Accounts payable and accruals | 8 | 70,253 | 224,787 |

Total current liabilities | | 81,508 | 228,362 |

Deferred income tax | 4 | 6,418 | 8,419 |
Long term debt | 9 | 300,010 | 254,772 |

Total liabilities | | 387,936 | 491,553 |

Commitments and contingent liabilities | 11,12 | | |

Shareholders' equity:
Ordinary shares, $1.00 each

  • Authorised, issued and fully paid 88,456,000 shares | 10 | 88,456 | 88,456 |
    Redeemable preference shares, $1.00 each
  • Authorised, issued and fully paid 45,910 shares | | 46 | 42 |
    Share premium reserve | | 459,054 | 419,058 |
    Retained earnings | | 32,874 | 15,741 |

Total shareholders' equity | | 580,430 | 523,297 |

Total liabilities and shareholders' equity | | 968,366 | 1,014,850 |

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

On behalf of the Board

R J BESWICK
DIRECTOR

S F GLENN
DIRECTOR

HAMILTON, 27 MAY 1992



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✨ LLM interpretation of page content

🏭 Telecom Central Limited Consolidated Balance Sheet (continued from previous page)

🏭 Trade, Customs & Industry
27 May 1992
Telecommunications, Financial Statements, Balance Sheet, Assets, Liabilities, Shareholders' Equity
  • R J Beswick, Director
  • S F Glenn, Director