Telstra 2007 Annual Report Download - page 243

Telstra Corporation Limited and controlled entities
240
Notes to the Financial Statements (continued)
(a) Financial assets, financial liabilities and gearing
The carrying amounts, fair values and face values of our financial
assets and financial liabilities are shown in Table A and Table B below:
(*) Included in the calculation of net debt. Refer to Table C.
34. Financial and capital risk management (continued)
Ta ble A Telst ra Group
As at 30 June 2007 As at 30 June 2006
Carrying
amount Fair value
Face
value
Carrying
amount Fair value
Face
value
$m $m $m $m $m $m
Financial assets - current
Cash at bank and on hand * . . . . . . . . . . . . . . . . . . . . 241 241 241 238 238 238
Bills of exchange and commercial paper * . . . . . . . . . . . 582 582 584 451 451 453
Trade receivables . . . . . . . . . . . . . . . . . . . . . . . . . . 2,756 2,756 2,917 2,561 2,561 2,714
Accrued revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . 966 966 966 1,027 1,027 1,027
Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . 92 92 92 113 113 113
Finance lease receivable * . . . . . . . . . . . . . . . . . . . . . 46 46 46 20 20 20
Bank deposits with mat urit y greater than 90 days * . . . . . 31 31 31 ---
Cross currency swap hedge receivable *. . . . . . . . . . . . . 38 38 38 20 20 16
Forward contract asset * . . . . . . . . . . . . . . . . . . . . . . 3 3 3 112
4,755 4,755 4,918 4,431 4,431 4,583
Financial assets - non current
Trade and other receivables . . . . . . . . . . . . . . . . . . . 62 62 62 73 73 78
Amounts owed by jointly controlled and associated entities 38 38 221 14 14 229
Finance lease receivable* . . . . . . . . . . . . . . . . . . . . . 90 90 90 59 59 59
Cross currency swap hedge receivable *. . . . . . . . . . . . . 25 25 37 222 222 255
Interest rate swap asset * . . . . . . . . . . . . . . . . . . . . . 224 224 - 169 169 -
439 439 410 537 537 621
5,194 5,194 5,328 4,968 4,968 5,204
Financial liabilities - current
Trade and other creditors . . . . . . . . . . . . . . . . . . . . . 1,145 1,145 1,145 975 975 975
Accrued interest and other accrued expenses . . . . . . . . . 3,052 3,052 3,052 2,472 2,472 2,472
Deferred consideration for capital expenditure . . . . . . . . 10 10 10 123 123 123
Promissory notes *. . . . . . . . . . . . . . . . . . . . . . . . . . 1,435 1,442 1,456 1,457 1,481 1,490
Bank loans * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ---111 111 111
Offshore loans * . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,273 1,275 1,272 394 396 392
Finance leases * . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 35 35 20 20 20
Cross currency swap hedge payable * . . . . . . . . . . . . . . 165 165 169 666
Interest rate swap payable * . . . . . . . . . . . . . . . . . . . 3 3 - ---
Forward cont ract liability * . . . . . . . . . . . . . . . . . . . . 9 9 10 667
7,127 7,136 7,149 5,564 5,590 5,596
Financial liabilit ies - non current
Other creditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 61 61 70 70 70
Deferred consideration for capital expenditure . . . . . . . . 134 134 293 127 127 287
Telstra bonds and domestic loans * . . . . . . . . . . . . . . . 2,991 2,968 3,024 2,613 2,658 2,649
Offshore loans * . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,545 8,552 8,699 8,748 8,940 8,730
Finance leases * . . . . . . . . . . . . . . . . . . . . . . . . . . . 83 83 83 81 81 81
Cross currency hedge payable * . . . . . . . . . . . . . . . . . 1,051 1,051 982 612 612 548
Interest rate swap payable * . . . . . . . . . . . . . . . . . . . 277 277 - 156 156 -
13,142 13,126 13,142 12,407 12,644 12,365
20,269 20,262 20,291 17,971 18,234 17,961