New Zealand Gazette – 1992 – No. 97

Page 2230

✨ Financial Statements



2230 NEW ZEALAND GAZETTE No. 97

TELECOM CENTRAL LIMITED AND SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

7 FIXED ASSETS

1992 1991
$000's $000's
Telecommunication equipment:
- Cost 1,047,342 982,448
- Accumulated depreciation (373,149) (317,514)
674,193 664,934
Capital work in progress 33,106 54,724
Land 17,520 19,327
Buildings:
- Cost 107,382 106,764
- Accumulated depreciation (16,688) (13,664)
90,694 93,100
Other fixed assets:
- Cost 114,670 106,583
- Accumulated depreciation (52,425) (41,275)
62,245 65,308
Total cost 1,320,020 1,269,846
Total accumulated depreciation (442,262) (372,453)
Total net book value 877,758 897,393

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 $102.6 million and $98.6 million together with accumulated depreciation of $87.2 million and $69.1 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 $50.3 million and accumulated depreciation of $3.6 million.



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✨ LLM interpretation of page content

🏭 Telecom Central Limited Financial Notes (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Fixed Assets, Telecommunication Equipment, Capital Work in Progress, Land, Buildings, Other Fixed Assets