✨ 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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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
27 May 1992
Balance Sheet, Financial Statements, Assets, Liabilities, Shareholders' Equity
  • R B Ash, Director
  • S R Smith, Director