Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698071677609.pdf (Guyana)
GUYANA TELECOMMUNICATION CORPORATION i ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDING 31ST.

DECEMBER.

1975 Cde.

L. F. S. Burnham, O.E., S.C., -President, Guyana State Corporation Cde.

George King, Vice-President - Guyana State Corporation.

A.A. - Cde.

S. S. Naraine, (Communications).
of Works and Housing Minister 11 11 11 13 15 18 30 C O NT E NT S Registered Office Members of the Board ..... Senior Staff Letter of Transmittal Highlights of the year ..... OPERATIONS AND MAINTENANCE Georgetown Telex and Telephone Workshops ..... Service Sales and Inland Telephone Calls -Chart Overseas Telephone Calls -Chart Training Districts EXPANSION AND DEVELOPMENT PROGRAMME Staff Strength AUDITORS REPORT •.... C 9 GUYANA TELECOMMUNICATION CORPORATION &tablished 1st Mareh, 1967, by Order in Council No.
11 of 1967, Under the Ordinance Public Corporation's No.

23 of 1962.

REGISTERED OFFICE 55, Brickdam, Georgetown, Guyana.

MEMBERS OF THE BOARD lphia G. A.

King J.L.

Philade D.I.

Yankana G. E. Perry G. A. Pereira R.0.

Telesford S. F. Lashley G. E. Hopkinson W. N. James SENIOR STAFF General Manager Deputy General Manager Secretary Chief Accountant Senior Executive Engineers Chairman Deputy Chairman Member Member Member Member Member Member Secretary G. E. Perry, J.L.

Philadelphia, Dip.

Eng.

(Hons.)


C.Eng., F.I.E.E., M.G.A.P M.B.I.M., M.l.E.R.E., .E.

Dip.

Eng., C.

Eng., M.B.l.M., M.G.A.P.E.

M.I.E.E., W. N. James, A.C.I.S.

A.C.C.A.

S. F. Lashley, Dip.

Eng., C.

Eng., G. A. Pereira, Member I.E.E., Member I.E.R.E.

Associate Associate R.0.

Telesford, Dip, Eng., Associate Associate M.G.A.P.E.

Member l.E.E.

Member I.E.R.E., G. E. Hopkinson, Dip.

Eng., Associate Member I.E.E.

11 Executive Engineers N.G.Daw S.Evelyn-Moe W.Edinboro, Associate Dip.
Eng., Member I.E.E.

N.Marshall R. C. Austin K.Bishop E. S. Lynch 12 LETTER OF TRANSMITTAL GUYANA TELECOMMUNICATION CORPORATION.

55 Brickdam, Georgetown, GUYANA.

June, 1977.

Naraine, The Hon.

Shiwsahai Minister Kingston, Georgetown.

of Works and Housing, Dear Minister, On behalf Annual Report on the operations 1975, together Statement are furnished Ordinance.

with the Financial of the Guyana Telecommunication Corporation, [ have pleasure in presenting the of the Corporation Statement for that year.
The Report and the Finan cial for the year ending 31st December, as required by Section 33(1) of the Public Corporation's /��� G.A.King,M.P.

Chairman.
------ --- -:-z 13 HIGHLIGHTS OF THE YEAR 1975 Revenue Expenditure 1975 s 10,969,625 6,778,061 Gross Surplus 4,191,564 Sources of Revenue: Rental Telephone Calls Metered Overseas Telephon Trunk Inland Other Charges Revenue Non-Operating 2,895,294 6,528,768 808,010 78,500 425,710 233,343 e & Telex 10,969,625 Heads: Main Expenditwe Wages & Allowances Salaries, and on Capital Interest Charges Other Basic Materials Maintenance 3,371,381 1,038,072 753,644 Other 5,163,097 1,614,964 6,778,061 1974 s 9,097,297 5,727,249 3,370,048 2,636,544 5,088,631 631,616 76,385 212,063 452,058 9,097,297 2,866,324 1,006,289 411 761 4,284,374 1,442,875 5,727,249 Fixed Assets 33,401,441 30,119,329 Less Depreciation 8,106,802 6,336,91 8 25,294,639 23,782,411 FINANCE, Operating Account of more than S4M.
which was a 24% increase There was a Gross Surplus year 1974.

Revenue increased being Non-Operating Revenue.

The Rental 26% of the Total Revenue respectively.

Telex increased Metered year's charges.

only item that decreased main Revenue items were Inland Metered Calls 65% and Telephone and or 20.5% over 1974, the by 28% over the previous Calls and Overseas by Sl.87M.

on the previous 15 Expenditwe increased by 18% over the amount for 1974.

The main increases While Salaries increased Materials Costs.
were on Salaries, Materials at the same pace of 17 .6% with the Total Expenditure, Wages etc.

$%Mand Maintenance $342,000.

Maintenance and increased had an 83% increase.

This was due to increased use of Materials Bank overdraft borrowed Capital interest more than $705,000.

for the year was more than $277,000, and Interest paid on Balance Sheet Our current liabilities the Loan from the Midland Bank.
increased by almost $2.2M., which was matched by the decrease in The Worth of the Corporation and doubtful Debts and Taxation.

increased by $600,000 after provision for Depreciation, bad Preliminary Expenses also written off.

in connection with the Expansion Programme of almost $1M.

were The cost of shown as $YiM.

less than 1974.

Assets was increased by more than $3M., but the net Value after depreciation is Return on Assets before depreciation is 22%.
After Depreciation and bad and doubtful Debts 12.1%.

Testing equipment, New Amsterdam Exchange.

OPERATIONS AND MAINTENANCE GEORGETOWN, under review, the maintenance were assisted greatly During the period Exchange which proved its value in detecting faults which to remain undetected for any appreciable service, inspection of installation to reduce any seemingly and lubrication high-fault by the commissioning would have seriousl incidents.
on selector personnel if allowed routine of an automa�ic y lowered equipment, the grade of traffic length of time.

Periodic was enforced, mechanisms so as attached to the Georgetown Electrical, Throughout power systems alternator plagued maintain the year, the Electrica in Georgetown l staff were kept busy in the and the rural Install areas.

maintenance and repairs ation of a 60 K.V.A.

diesel this section Although of plant was done at the New Amsterdam of skilled Exchange.
and transportation personnel has been it was able to problems, with depletion the efficiency of the section.

Radio and Mt.dtiplex: At the commencement the constant outages, Radio sets were carried Installation out at the various of the year, testing locations.

of the microwave systems was carried out due to and maintenance of VHF Rural Radio sets and Morse H.F.

TELEX AND TELEPHONE WORKSHOPS two hundred A total of period fourteen (14) were completely under review.

Apart from routine overhauled.


and forty-nine (249) faults maintenanc� were reported performed and rectified for the on most of the machines, There were only nine (9) new telex services Corporation's to purchase inability telex equipment installed.

This was mainly due to the in reasonable time from overseas.

A constantly enhanced tools for all staff were attached high number of telephones were overhauled in the telephone This was section.
with the installation of additional engaged on such maintenan test positions ce.

A total number of fifteen and the provision of adequate (15) employees to the Telex and Telephone workshop for the period under review.

18 SALES AND SERVICES SALES, section During the period under review, this processed the following services:- 1.

New Services 2 .

New Telex Services 3.

Internal Removals 4.

External Removals 5.

Conversions 6.

Cessations 7.

P.A.B.X.

's 8.

P.M.B.X.


's 1,507 9 360 853 624 469 11 23 The following represents the different services that existed at the end of 1975 :- 1.

Direct Exchange line connections 13,938 2.

Telephone stations 21,225 3.

Telex stations 4.

Telephone Exchanges 5.

Government Radio Stations 6.

Corporation Radio Stations 7.

Private Radio Statiqp s 68 23 25 57 A total of 1,723 telephone applications were received over this period.

SERVICE, 1.

Overseas Calls 2.

Outgoing Telex Calls 3.


Interior Calls 4.

Local Calls (Units) 5.

Trunk Calls 130,795 27,563 5,700 86,000,000 89,124 19 INLAND TELEPHONE CALLS - T�UNI\ CALLS LOCAL CALLS - - - z S2 90 " " " " '°,, " " " ,0" 66" " 60" S6 -" " so -" z " 0 " " = " " l6 " " 26 " " ,0 " 16"" ,0 • 6 ' 30 28 2 0 - - - \971 1972 1973 HWNI\ LOCAL "9692S9 1"-00 00 2 <IOB80 34,672,1.51.

1971.

191'5 .86117 89\2/.


52,203,299 86,oomoo OVERSEAS TELEPHONE CALLS 128 120 112 104 " 88 80 " 64 56 Q Q " 40 l2 24 16 • 0 1971 49,809 50,506 73,000 107,837 t30,7.9S 1973 1974 1975 1972 TRAINING During the year under review four hundred and thirty ( 430) employees the telecommunication staff gained some experience school.
Thirteen work: (13) different in instructional training members training at received of the Corporation The courses offered ranged from:- Basic auto two-motion selectors operation Mechanical adjustments and lubrication External Plant apparatus Subscribers Test Desk Operations 54) ers (Creed Teleprint Del and Plan numbers, installation and maintenance P.M.B.X.

's equipment and circuitry P.A.B.X.

's trunking, circuitry and maintenance U.A.X.


-12-Trunking equipment and circuitry Basic Radar -elementary principles and operation in metereology Basic Radar -Test instruments for which courses The number of batches the training other material various ways and means to solve them.

programme suffered but management inputs, due to inadequate were conducted was thirty-four (34).
However, of instructional staff and· availability was aware of these problems and had been exploring DISTRICTS The Corporation as follows:- Exchanges has during this period, increased its connections m the various rural New Amsterdam Skeldon Beterverwagting Cove & John Mahaica Mahaicony Linden Leonora Anna Regina Suddie Thereby to 912 to 94 to 366 from 776 from 77 from 337 from 74 from 29 from 26 from 739 from 98 from 71 from 67 in the areas to enjoy a better to 98 to 36 to 32 to 817 to 112 to 92 to 71 enabling more subscribers service.
22 EXPANSION AND DEVELOPMENT PROGRAMME (a) Construction of Ridge and Port K.aituma.

line Plant and installation of telephones at Mabaruma, Matthews' (b) Construction Rosignol and Port Mourant.

of Telephone Exchange buildin g at Matthews' Ridge, Port Kaituma, (c) Installation and testing of radio equipment at New Amsterdam, Whim and Benab.

Commissioning of rural automatic exchang es at New Hope and Whim.

Construction of technician's Quarters at Leonora.


Extension of Exchange Building at Timehri and Mabaruma.

Establishment of microwave link between Georgetown and Surinam.

(d) (e) (f) (g) (h) The erection cables at Mabaruma.

of a 170-ft. Guyed mast and installation of U.H.F, aerials and feeder (i) The erection and feeder cables at Matthews' Ridge.

of a 200-ft. self-supporting tower and the installat ion of U.H.F.

aerials OJ Establishment of (DDD)at the Guyana facilities communication Papaya.
Centre, Service National telephone on Direct Distance Dialling (k) The erection feeder cables, tropo aerial of a 140-ft. erection feeder with associated of a SO-ft. aerial support cables at Port Kaituma.

structure and mounting self-suppo rting tower, installation of U.H.F.

aerials and of a 30-ft. (1)The fitting of a wedge on the existing 40-ft. self-supporting tower, of a 30-ft. diameter tropo aerial with associated and the assembly feeder at cables and installation Timehri.
23 I I' ;, 350 ft, stayed most at Mahaica, East Coast, Demerara.

GRAPH SHOWING STAFF PER 1,000 CONNECTIONS FROM 1967 "' / I"-. "

"- " r--,..,__ I/ • "" / .. K .. .. IIU 1!70 "" "" ... IUS TOTAL STAFF STRENGTH 1967 ·1975 Year Endi ng 31.l Telep hone Connections Georgetown Districts Total No.

of Staff Total Staff Per.

1,000 Con.


 ASSETS ACQUIRED THRU ($ 24 Ml EXPANSJON (G $000) PROG.

,,.. 1 ... /6' C If ' � .�"J' " .

;,' ' i � " :'re; g,°" ' d' ' ,o "' .,.,.

�- ,• sue·, :),� c• � 'r .fl' ¢' ,• <t �'i--+.

+"-,¢- ' ,,,,.
+"-,¢- ' ,,,,.

� • •' ,:, �.

�� <;>J' ., ....

;,:..,.?
•' GROWTH OF FIXED ASSETS COSI11975 ( G $ 000.000) " ,0 � 25 g !20 " " 5 1970 71 72 73 71, 75 • DEPRECIAllOH HE1 YAlUE 26 DISPOSAL OF FUNDS FOREIGN CAPITAL REPAYMENT NEW ASSETS LOCAL FOi:tEIGN INTEREST CHAl'IGES LOCAL l'IECURi:tENT CHARGES INCH Pl'IOVISIONS GTC- INCOME, EXPENDITURE & SURPLUS,1975 16Mr-- ---- -r- ----- -,- ----- --, ------ ,-- ----- -, 14Ml-- - - - -+- - - ----+- ------J---- ---1--- - --..I >2Ml- - - - - -+- - - - - - -+ - - - -- --J - - - - - --+- - - - - - ..... '"t--- ----+- - --- - -+--- - ----l-------1------..I .�� ....... 1972 1973 1975 1976 27 SOURCES OF REVENUE,1 975 GUY, f 000 S UAPLUS � -- - - ---- (601) ' ' ' ' ' ' ' TELEPHONE REVENUE METEAEQ TELEPHONE REVENUE AENTALS (2.&95) OTHEA MISC.
(2B) TOLL CHARGES (78) OTHEA T E LEPHONE (l026) OVERSEAS & TELEX \808) APPLICATION,1975 GIJV- f 000 STAFF COST Cl.270) INTEREST & FINANCIAL CHGS '1,0lO) COST OEPRECIATION (1,889) SURPLUS (1,322) MAINTENANCE (8lo5) OTHEA OPE AA TING C 0SlS 1,300 28 REPORT OF THE AUDITORS TELECOMMUNICATION CORPORATION TO THE MEMBERS OF GUYANA We have examined the accounts and have obtained the information and explanatio ns which w e have required.
which are in agreement with the books of the Corporation on the historical cost basis of of the give, on this basis, a true and correct view of the state of affairs which have been prepared these accounts In our opinion, accounting Corporation at 31st December, on that date.
1975 and of the results of its operations for the year ended THOMAS, STOLL, DIAS & CO. 30 assets Current Cash-in-hand Fixed deposit Stocks and stores BALANCE SHEET AS AT 31ST DECEMBER, 1975 $ $ 1975 s $ 1974 $ $ 220 26,629 731,277 75 26,119 214,903 Accounts receivable Accounts receivable -telephones 2,393,655 -others 283,184 2,676,839 2,910,024 150,218 3,060,242 for bad Less: Provision and doubtful debts '-' Loans -advances to employees - Pension Scheme Fund Advances -Government of Guyana (Superannuation Fund) Prepaid insurance Accruals and deposits Less: Current liabilities expenses Accrued Accounts payable Other liabilities Bank overdraft Subscribers Provision for taxation Net current assets 493,057 436,661 2,183,782 352,463 10,500 683,633 24,766 225,943 2,623,581 144,228 10,500 589,713 24,540 4,239,213 3,633,659 10,918 3,945,16 5 3,131,582 879,440 456,214 2,626,599 27,507 4,281,047 83,057 2,230,838 333,072 1,905,118 11,049,918 (6,810,705) 8,860,639 (5,226,980) GUYANA TELECOMMUNICATIONS CORPORATION OPERATING ACCOUNT FOR THE YEAR ENDING 3 IST DECEMBER, I975 Revenue Operating: I975 s� $ $ I974 $ and telex Telephone 2,895,294 6,528,768 calls Metered 78,500 calls Ticketed and telex charges 808,010 Overseas Other charges 425,710 and coin boxes 2,636,544 5,088,631 76,385 631,616 212,063 Non-operating: Radio licence rendered Services Miscellaneous 13,311 190,206 29 826 29,474 367,630 54 954 10,736,282 8,645,239 233,343 452,058 10,969,625 9,097,297 Expenditure 2,852,749 10,436 388,716 fees -audit and legal 23,694 and
 travelling 184,239 for maintenance 753,644 and office supplies 91,045 78,548 16,523 Directors' fees and expenses 18,268 and wages Salaries Pensions and gratuity Allowance Professional Transport Materials Stationery Rental Rental Insurance Electricity l.T.U.
N.l.S.
Miscellaneous Financial -buHdings and equipment 40,940 226,942 38,394 con.tribution119,480 896,371 of machines -other and Bank charges 1,038,072 employers' 18,593 2,435,20 8 12,886 335,902 7,500 135,425 411,761 68,117 50,128 33,434 40,941 201,871 33,931 82,328 852,935 1,006,289 Operating Surplusideficit surplus on sale of assets 6,778,061 4,191,564 5,727,249 3,370,048 ll 611 4 097 4,203,175 3,374,145 Depreciation Preliminary Provision for bad and doubtful expenses 1,839,15 5 988,253 debts 53,537 1,542,860 53,858 before taxation Surplus Less: Provision for taxation 2 880,945 1,322,230 721,481 1,596,718 1,777,427 783,618 $ 600,749 $ 993,809 1) Fixed assets (note Land and buildings Plant and machinery Motor vehicles Furniture and office equipment Work-in-progress BALANCE SHEET (CONT'D) 1975 AS AT 31ST DECEMBER, $ $ $ $ $ $ 5,354,836 19,387,103 356,023 196,677 4,927,323 18,478,434 208,922 167,732 25,294,639 494 578 23,782,411 1,982,995 25,789,217 $18,978,512 25,765,406 $20,538,426 w w Represented by: Government of Guyana Equity it (note 2) Surplus/defic 6,400,000 1,345,477 7,745,477 11,233,035 6,400,000 744,728 7,144,728 13,393,698 Loan -Midland Bank 512 $18,978, $20,538,426