New Zealand Gazette – 1992 – No. 97

Page 2263

✨ Financial Statements Notes



29 JUNE NEW ZEALAND GAZETTE 2263

TELECOM SOUTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

2 OPERATING EXPENSES

1992 1991
$000's $000's
Total 330,065 328,719

Included in operating expenses are:

  • Depreciation 105,767 101,303
  • Audit fees 200 190
  • Intercompany management fee 17,148 15,431
  • Lease and rental costs 4,316 5,849

3 INVESTMENT INCOME/INTEREST EXPENSE

1992 1991
$000's $000's

Interest income:

  • Intercompany 1,097 174
  • Other 460 -

Total Interest Income 1,557 174

Interest expense:

  • Intercompany (including finance lease charges) 37,558 35,898
  • Other (14) (10)

Total Interest Expense 37,544 35,888

  • Less interest capitalised (6,606) (3,348)

Net Interest Expense 30,938 32,540



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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
27 May 1992
Financial Statements, Operating Expenses, Investment Income, Interest Expense, Depreciation, Audit Fees, Intercompany Management Fee, Lease and Rental Costs, Interest Capitalised