Forum Archive Index - April 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Malcolm,
 

> Snoopy
> Please A question about telecom 
>What date did Ms Gattung become CEO
>
>


>From p9 of the Annual Report for the period 1st April 1999 to 30th 
June 1999.

"Ms Gattung, currently the Group General Manager Services, will take 
up the role of Chief Executive on 1 October 1999 following 
the retirement of Roderick Deane at the Annual Meeting on 30 
September."



>
>
> and what date was first bid for AAPT. 
> 
>



>From p25 of the Annual Report for the period 1st April 1999 to 30th 
June 1999.

"During the three months ended 30 June 1999, Telecom purchased a 
19.8% stake in AAPT for $NZ386million.   At 30th June 1999 the market 
value of Telecom's investment was NZ$337million.  The directors do 
not consider there has been a permanent diminution in value of this 
investment."

"Telecom is evaluating its options with regard to whether it should 
purchase a further stake in AAPT."


>From Third Quarter Report 1999-2000 Year

On 27th November 1999, Telecom purchased an additional 61.7% 
shareholding in AAPT, bringing the total shareholding at that date to 
81.4%.  Total consideration of $1,574million made up of $297m (net 
assets) and $1,277m (goodwill).

$32million of goodwill on AAPT was amortised in the 30th June 2000 
year result.

Successful takeover bid for the balance of AAPT shares happened 
between September 2000 and December 2000.

$88m goodwill on AAPT amortised in 30th June 2001 annual result

Total Goodwill left on the books at 30th June 2001 is 

$1,878m.

Amortization of goodwill over 6 months 30th June to 31st December 
2001 was $56m.

Probably more than you want to know :-)  

But why did you ask?  SNOOPY







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