New Zealand Gazette – 1993 – No. 94

Page 1748

✨ Financial Statements Continuation



1748
NEW ZEALAND GAZETTE
No. 94

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

11 SHAREHOLDERS' EQUITY (Continued)

DIVIDENDS

Interim and final dividends declared from the retained earnings of the Company are as follows:

1993 1992
$000's $000's
Interim dividends 15,020 29,188
Final dividend - -
15,020 29,188

12 COMMITMENTS

OPERATING LEASES

Operating lease commitments are mainly in respect of leases of land and buildings. Minimum rental commitments as at 31 March 1993 for all non-cancellable operating leases (excluding amounts provided for in respect of restructuring) are (in millions):

Payable within 1 year 4.8
Payable within 1-2 years 4.8
Payable within 2-3 years 4.8
Payable within 3-4 years 4.7
Payable within 4-5 years 4.9
Payable thereafter 8.4

                  $32.4

CAPITAL COMMITMENTS

As at 31 March 1993 capital expenditure amounting to $12.7 million (1992: $15.9 million) has been committed under contractual arrangements.

13 CONTINGENT LIABILITIES

LAND CLAIMS

As stated in Note 7, interests in land included in assets purchased from the Crown may be subject to claims to the Waitangi Tribunal or may be deemed to be Wahi Tapu and, in either case, may be resumed by the Crown. Certain claims have been brought or are pending against the Crown under the Treaty of Waitangi Act 1975. Some of these claims may affect land transferred to Telecom by the Crown and/or by Telecom to its subsidiary companies.

In the event that land is resumed by the Crown, there is provision for compensation to Telecom.



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1993, No 94


NZLII — PDF NZ Gazette 1993, No 94




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
13 May 1993
Telecommunications, Financial Statements, Shareholders' Equity, Dividends, Operating Leases, Capital Commitments, Contingent Liabilities, Land Claims