✨ Financial Statements




29 JUNE NEW ZEALAND GAZETTE 1735

TELECOM AUCKLAND LIMITED

STATEMENT OF EARNINGS

FOR THE YEARS ENDED 31 MARCH

Notes 1993 1992
$000's $000's
Operating revenues 577,524 584,051
Operating expenses 2
Abnormal redundancy and restructuring costs (164,619) (21,787)
Other operating expenses (455,870) (463,130)
Total operating expenses (620,489) (484,917)
Earnings/(loss) from operations (42,965) 99,134
Investment income 3 489 3,798
Interest expense 3 (45,728) (53,531)
Earnings/(loss) before income tax (88,204) 49,401
Income tax credit/(expense) 4 25,383 (11,259)
Net earnings/(loss) (62,821) 38,142

The accompanying notes form part of and are to be read in conjunction with these financial statements.

TAURANGA DISTRICT LIBRARIES

A2610485B



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🏭 Financial Statements under Telecommunications (Disclosure) Regulations 1990 (continued from previous page)

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Telecommunications, Financial Statements, Disclosure Regulations, Telecom Subsidiaries