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New Zealand Gazette – 1993 – No. 94

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✨ Financial Statements Continuation

29 JUNE NEW ZEALAND GAZETTE 1751

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

16 SEGMENTAL REPORTING

The Company's principal business activity is the provision of telecommunication services, constituting more than 90% of total operating revenues, operating earnings and identifiable assets.

The Company's business is conducted predominantly in New Zealand and is therefore within one geographical area for reporting purposes.

17 SUBSEQUENT EVENTS

As part of the strategic restructuring of Telecom, Telecom New Zealand Limited (formerly Telecom Wellington Limited) acquired the business and assets of Telecom Auckland Limited, at net book value, with effect from 1 April 1993.

Telecom New Zealand Limited now provides telecommunications services in the area previously serviced by Telecom Auckland Limited.

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VUW Te Waharoa — NZ Gazette 1993, No 94

NZLII — NZ Gazette 1993, No 94

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated13 May 1993
KeywordsTelecommunications, Financial Statements, Contingent Liabilities, Related Party Transactions, Subsidiary Companies, Segmental Reporting, Subsequent Events

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