Telecom Annual Report

telecom corporation of new zealand annual report for the year ended 30 june 2008

annualreport.telecom.co.nz/2008

k ey fac t S an d fi G u r e S

our numBerS
A team of

We’re committed to enabling the delivery of broadband connections between

9,000

80%
of New Zealanders by 2011

10-20Mbps to

2 million
retail mobile customers

Over

(around 7,500 in NZ and 1,500 in Australia)

1,700

130,000km of copper in the network, and

Chorus vehicles

20,000 km
of fibre
Chorus

our BuSineSS unitS
Gen-i

Wholesale & International

Retail AAPT

Technology & Shared Services

NZ

$5,673m
Governance
112 Governance at Telecom 122 Remuneration at Telecom

NZ

$713m
2 October 2008 Annual Meeting Wellington 7 November 2008 First quarter result announced December 2008 First quarter dividend paid February 2009 Half-year result announced March 2009 Second quarter dividend paid

38¢
May 2009 Third quarter result announced

29¢

contentS

financial calendar 2008-2009

introduction
02 Key facts and figures 03 Chairman’s report 04 CEO’s report 06 Sharemarket review 07 Overview

disclosures
133 Interests’ disclosures 135 Shareholder and exchange disclosures 140 Additional shareholder information 150 Forward-looking statements 151 Glossary 153 Shareholder inquiries / contact details

June 2009 Third quarter dividend paid 30 June 2009 Financial year end August 2009 Annual result announced

our company
08 Board of directors 10 Executive team 13 Business overview 27 Company review

performance
41 Business review 63 Auditors’ reports 65 Financial statements 69 Notes to the financial statements

This report is dated 21 August 2008 and is signed on behalf of the Board of Telecom Corporation of New Zealand Limited by Wayne Boyd, Chairman, and Paul Reynolds, Chief Executive Officer.

Wayne Boyd Chairman

Paul Reynolds Chief Executive Officer

Dividends per share

Earnings per share

our performance Net earnings... [continues]

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