✨ 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



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1992, No 97


NZLII PDF NZ Gazette 1992, No 97





✨ 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