β¨ Telecom Financial Statements
NEW ZEALAND GAZETTE
No. 97
TELECOM WELLINGTON LIMITED
BALANCE SHEET
AS AT 31 MARCH 1992
| Notes | 1992 | 1991 | |
|---|---|---|---|
| $000's | $000's |
ASSETS
Current assets:
Cash | | 1,647 | 21 |
Short term investments | 6 | 3,123 | 3,123 |
Accounts receivable and prepaid expenses | 5 | 58,231 | 76,992 |
Inventories | | 12,259 | 16,820 |
Prepaid income tax | 4 | 2,993 | 794 |
Total current assets | | 78,253 | 97,750 |
Future tax benefit | 4 | 7,877 | 5,780 |
Investments | 7 | 226,120 | 54,000 |
Other assets | 8 | 1,972 | - |
Fixed assets | 9 | 420,217 | 432,614 |
Total assets | | 734,439 | 590,144 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank overdraft | | - | 1,635 |
Accounts payable and accruals | 10 | 55,032 | 93,646 |
Total current liabilities | | 55,032 | 95,281 |
Long term debt | 11 | 361,695 | 139,575 |
Total liabilities | | 416,727 | 234,856 |
Commitments and contingent liabilities | 13,14 |
Shareholders' equity:
Ordinary shares, $1.00 each
- Authorised, issued and fully paid 92,714,000 shares | | 92,714 | 92,714 |
Redeemable preference shares, $1.00 each - Authorised, issued and fully paid 17,154 shares | | 17 | 22 |
Share premium reserve | | 171,523 | 216,318 |
Capital redemption reserve | | 4 | - |
Retained earnings | | 53,454 | 46,234 |
Total shareholders' equity | | 317,712 | 355,288 |
Total liabilities and shareholders' equity | | 734,439 | 590,144 |
The accompanying notes form part of and are to be read in conjunction with these financial statements.
On behalf of the Board
G A HODDINOTT
DIRECTOR
D M LOCKE
DIRECTOR
WELLINGTON, 27 MAY 1992
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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 Wellington Limited Balance Sheet
(continued from previous page)
π Trade, Customs & Industry27 May 1992
Balance Sheet, Financial Statements, Assets, Liabilities, Shareholders' Equity, Telecom Companies
- G A Hoddinott, Director
- D M Locke, Director