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Telecom publishes accounting separation reports
17 December, 2010
Telecom publishes accounting separation reports
Telecom has today published its accounting separation reports for the year ended 30 June 2010.
Accounting separation disclosures are in addition to the IFRS compliant statutory accounts.
The accounting separation of Telecom is required by the Telecommunications Act. The Act requires Telecom to disclose information about the operation and behaviour of Telecom’s primary business activities.
Accounting separation disclosures present Telecom’s accounts in the form of standalone access, wholesale and retail businesses. These businesses, defined as services groups, should not be confused with business units with similar names in the statutory accounts.
See http://www.telecom.co.nz/accountingseparation
for more
information.
ENDS
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