New Zealand Gazette – 1992 – No. 97

Page 2240

✨ 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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✨ LLM interpretation of page content

🏭 Telecom Wellington Limited Balance Sheet (continued from previous page)

🏭 Trade, Customs & Industry
27 May 1992
Balance Sheet, Financial Statements, Assets, Liabilities, Shareholders' Equity, Telecom Companies
  • G A Hoddinott, Director
  • D M Locke, Director