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New Zealand Gazette – 1992 – No. 97

Page 2245

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✨ Financial Statements Notes

29 JUNE NEW ZEALAND GAZETTE 2245

TELECOM WELLINGTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

1 STATEMENT OF ACCOUNTING POLICIES (Continued)

RECLASSIFICATIONS

Certain reclassifications of prior years' data have been made to conform to 1992 classifications.

(d) CHANGES IN ACCOUNTING POLICIES
There have been no material changes in accounting policies during the year.

2 OPERATING EXPENSES

	1992	1991
	$000's	$000's
----------------	-----------	-----------
	245,667	248,440

Included in operating expenses are:

Depreciation | 56,113 | 50,271 |
Audit fees | 200 | 190 |
Intercompany management fee| 12,532 | 12,510 |
Lease and rental costs | 11,863 | 13,301 |

3 INVESTMENT INCOME / INTEREST EXPENSE

	1992	1991
	$000's	$000's

Interest income:

Intercompany | 2,045 | 125 |

Other | 596 | - |

                    | 2,641     | 125      |

Dividend income from fellow subsidiary company | 15,208 | 869 |

Total investment income | 17,849 | 994 |

Interest expense:

Intercompany | 42,188 | 20,819 |

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VUW Te Waharoa — NZ Gazette 1992, No 97

NZLII — NZ Gazette 1992, No 97

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✨ LLM interpretation of page content

🏭 Telecom Wellington Limited Notes to Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Notes, Accounting Policies, Reclassifications, Operating Expenses, Depreciation, Audit Fees, Intercompany Management Fee, Lease and Rental Costs, Investment Income, Interest Expense

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