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New Zealand Gazette – 1993 – No. 94

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✨ Financial Statements Notes

29 JUNE NEW ZEALAND GAZETTE 1805

TELECOM SOUTH 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 South 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 South Limited.

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VUW Te Waharoa — NZ Gazette 1993, No 94

NZLII — NZ Gazette 1993, No 94

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Segmental Reporting, Subsequent Events, Telecom South Limited, Telecom New Zealand Limited

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