β¨ Financial Statements
NEW ZEALAND GAZETTE
No. 97
TELECOM SOUTH LIMITED
BALANCE SHEET
AS AT 31 MARCH 1992
| Notes | 1992 | 1991 |
|---|---|---|
| $000's | $000's |
ASSETS
Current assets:
Cash | 855 | 2,519 |
Accounts receivable and prepaid expenses | 5 | 62,855 | 58,533 |
Inventories | | 15,319 | 23,339 |
Prepaid income tax | 4 | - | 1,780 |
Total current assets | | 79,029 | 86,171 |
Investment in fellow subsidiary company | 6 | 1,780 | - |
Other assets | 7 | 5,916 | 6,213 |
Fixed assets | 7 | 878,567 | 875,679 |
Total assets | | 965,292 | 968,063 |
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Bank overdraft | 9 | - | 4,963 |
Debt due within one year | | 4,719 | - |
Taxation payable | 4 | 3,296 | - |
Accounts payable and accruals | 8 | 62,565 | 110,749 |
Total current liabilities | | 70,580 | 115,712 |
Deferred income tax | 4 | 9,630 | 5,651 |
Long term debt | 9 | 289,560 | 244,881 |
Total liabilities | | 369,770 | 366,244 |
Commitments and contingent liabilities | 11,12 | | |
Shareholders' equity:
Ordinary shares, $1.00 each
-Authorised, issued and fully paid 171,411,000 shares | | 171,411 | 171,411 |
Redeemable preference shares, $1.00 each
-Authorised, issued and fully paid 37,997 shares | | 38 | 40 |
Share premium reserve | | 379,932 | 399,930 |
Capital redemption reserve | | 2 | - |
Retained earnings | | 44,139 | 30,438 |
Total shareholders' equity | | 595,522 | 601,819 |
Total liabilities and shareholders' equity | | 965,292 | 968,063 |
The accompanying notes form part of and are to be read in conjunction with these financial statements.
On behalf of the Board
R B ASH
DIRECTOR
S R SMITH
DIRECTOR
CHRISTCHURCH, 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 South Limited Balance Sheet
(continued from previous page)
π Trade, Customs & Industry27 May 1992
Balance Sheet, Financial Statements, Assets, Liabilities, Shareholders' Equity
- R B Ash, Director
- S R Smith, Director