New Zealand Gazette – 1993 – No. 94

Page 1771

✨ Financial Statements

29 JUNE NEW ZEALAND GAZETTE 1771

TELECOM WELLINGTON LIMITED

STATEMENT OF EARNINGS

FOR THE YEARS ENDED 31 MARCH

	Notes	1993	1992
		$000's	$000's
Operating revenues		271,590	301,378
Operating expenses	2
Abnormal redundancy and restructuring costs		(91,366)	(10,181)
Other operating expenses		(221,448)	(235,486)
Total operating expenses		(312,814)	(245,667)
Earnings/(loss) from operations		(41,224)	55,711
Investment income	3	17,104	17,849
Interest expense	3	(43,592)	(42,188)
Earnings/(loss) before income tax		(67,712)	31,372
Income tax credit/(expense)	4	19,640	(980)
Net earnings/(loss)		(48,072)	30,392

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

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VUW Te Waharoa — NZ Gazette 1993, No 94

NZLII — NZ Gazette 1993, No 94

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated29 June 1993
KeywordsTelecommunications, Financial Statements, Earnings, Telecom Wellington Limited

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