Telstra 2007 Annual Report Download - page 119
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116
Telstra Corporation Limited and controlled entities
The not es following the financial statements form part of the financial report.
Statement of Recognised Income and Expense
for the year ended 30 June 2007
Telstra Group Telstra Entity
Year ended 30 June Year ended 30 June
2007 2006 2007 2006
$m $m $m $m
Foreign currency translation reserve
Equity accounting our interest in jointly controlled and associated entities . . . . . . . (1) 1--
Translation of financial statements of non-Australian controlled entities . . . . . . . . (144) (36) --
Cash flow hedging reserve
Net hedging (losses)/gains recognised directly in equity . . . . . . . . . . . . . . . . . .22 (552) 327 (551) 327
Net hedging losses/(gains) removed from equity and included in profit for the year .22 573 (420) 572 (421)
Net hedging losses removed from equity and included in property,
plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22 11 -10 -
Retained profits
Actuarial gain on defined benefit plans . . . . . . . . . . . . . . . . . . . . . . . . . . . .28 23 962 17 945
(90) 834 48 851
Income tax on equity items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (15) (256) (13) (256)
Net (expense)/income recognised directly in equity . . . . . . . . . . . . . . . . . . . . . (105) 578 35 595
Profit for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,275 3,183 3,438 3,239
Total recognised income for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,170 3,761 3,473 3,834
Attributable to: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Telstra Entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,161 3,757
Minority interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94
3,170 3,761
Effects of changes in accounting policy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -74 -77