Telstra 2007 Annual Report Download - page 241
Download and view the complete annual report
Please find page 241 of the 2007 Telstra annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231 -
232 -
233 -
234 -
235 -
236 -
237 -
238 -
239 -
240 -
241 -
242 -
243 -
244 -
245 -
246 -
247 -
248 -
249 -
250 -
251 -
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
 |
 |
Telstra Corporation Limited and controlled entities
238
Notes to the Financial Statements (continued)
Transactions involving our jointly controlled and associated
entities (continued)
(b) Loans provided to jointly cont rolled and associated entities relates
mainly t o loans provided to Reach of $183 million (2006: $210 million)
and the 3GIS Partnership (3GIS) of $38 million (2006: $14 million).
The loan provided to Reach is an interest free loan and repayable on
or after 31 December 2010 upon the giving of six months notice by
both PCCW Limited (PCCW) and us. We have provided for the non-
recoverability of the loan as we do not consider that Reach is in a
position to be able to repay the loan amount in the medium term.
The loan provided to 3GIS represents interest free funding for
operational expenditure purposes. In accordance with the
partnership agreement, the loan is repayable on dissolution of the
partnership and so is at call.
Transactions involving other related entities
Post-employment benefits
As at 30 June 2007, Telstra Superannuation Scheme (Telstra Super)
owned 13,856,060 shares in Telstra Corporation Limited (2006:
12,881,343) at a cost of $46 million (2006: $56 million) and a market
value of $54 million (2006: $47 million). 6,296,510 of these shares
(2006: nil) related to instalment receipts and were not fully paid at 30
June 2007. In fiscal 2007, we paid dividends to Telstra Super of $4
million (2006: $4 million). We own 100% of the equity of Telstra Super
Pty Ltd, the trustee of Telstra Super.
Telstra Super also holds bonds issued by Telstra Corporation Limited.
As at 30 June 2007, Telstra Super holds bonds with a cost of $6 million
(2006: $9 million) and a market value of $6 million (2006: $9 million).
All purchases and sales of Telstra shares and bonds by Telstra Super
are determined by the trustee and/or its investment managers on
behalf of the members of Telstra Super.
Key management personnel (KMP)
For details regarding our KMP’s remuneration and interests in Telstra,
as well as ot her related party transactions, refer to note 32.
33. Related party disclosures (continued)