✨ Financial Statements
2248 NEW ZEALAND GAZETTE No. 97
TELECOM WELLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
9 FIXED ASSETS
| 1992 | 1991 | |
|---|---|---|
| $000's | $000's | |
| Telecommunication equipment: | ||
| - Cost | 473,667 | 448,989 |
| - Accumulated depreciation | (209,263) | (173,361) |
| 264,404 | 275,628 | |
| Capital work in progress | 16,964 | 12,187 |
| Land | 41,903 | 41,896 |
| Buildings: | ||
| - Cost | 64,054 | 63,520 |
| - Accumulated depreciation | (8,993) | (5,930) |
| 55,061 | 57,590 | |
| Other fixed assets: | ||
| - Cost | 70,332 | 68,560 |
| - Accumulated depreciation | (28,447) | (23,247) |
| 41,885 | 45,313 | |
| Total cost | 666,920 | 635,152 |
| Total accumulated depreciation | (246,703) | (202,538) |
| Total net book value | 420,217 | 432,614 |
Included in telecommunications equipment at 31 March 1992 and 31 March 1991 respectively, is equipment (principally customer premises equipment) leased to customers under operating leases with a cost of $101.0 million and $99.6 million, together with accumulated depreciation of $79.1 million and $67.5 million.
Other fixed assets include tools and plant, vehicles, office equipment, furniture and fittings and computer equipment.
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VUW Te Waharoa —
NZ Gazette 1992, No 97
NZLII —
NZ Gazette 1992, No 97
✨ LLM interpretation of page content
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Telecom Wellington Limited Notes to Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFixed Assets, Telecommunication Equipment, Capital Work in Progress, Land, Buildings, Other Fixed Assets, Cost, Accumulated Depreciation, Net Book Value, Operating Leases, Tools, Plant, Vehicles, Office Equipment, Furniture, Fittings, Computer Equipment