✨ Financial Statements Notes




2232
NEW ZEALAND GAZETTE
No. 97

TELECOM CENTRAL LIMITED AND SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

9 LONG TERM DEBT

1992 1991
$000's $000's
Parent company loan 255,223 254,042
Other loans
- Due to fellow group company 48,668 -
- Other 924 1,457
49,592 1,457
- Less long term debt maturing within one year (4,805) (727)
44,787 730
300,010 254,772

Interest rates on the parent company loan ranged from 12.93% to 13.62% for the twelve months ended 31 March 1992. The parent company loan has no fixed date for repayment.

SCHEDULE OF MATURITIES - Other loans

Due 1 to 2 years 5,035 438
Due 2 to 3 years 39,752 292
Total due after one year 44,787 730

Other loans are for the finance lease obligations of office equipment, with interest and principal paid monthly at 16% p.a., and telecommunications equipment, with interest and principal paid quarterly at 12.9% p.a.



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

🏭 Trade, Customs & Industry
Financial Statements, Long Term Debt, Parent Company Loan, Interest Rates, Lease Obligations