Telstra 2008 Annual Report Download - page 106

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103
Telstra Corporation Limited and controlled entities
The notes following the financial statements form part of the financial report.
Statement of Comprehensive Income
for the year ended 30 June 2008
Telstra Group Telstra Entity
Year ended 30 June Year ended 30 June
2008 2007 2008 2007
Note $m $m $m $m
Profit for the year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,711 3,275 3,817 3,438
Foreign currency translation reserve
Reserves recognised on equity accounting our interest in jointly controlled and
associated entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26 1(1) --
Translation of financial statements of non-Australian controlled entities . . . . . . . . (231) (100) --
Transfer to profit for the year on sale of jointly controlled and associated entities . .26 -(1) --
Income tax on movements in the foreign currency translation reserve . . . . . . . . . . (43) (13) --
(273) (115) --
Cash flow hedging reserve
Changes in fair value of cash flow hedges . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 (552) 119 (551)
Changes in fair value transferred to profit for the year . . . . . . . . . . . . . . . . . . . . 53 573 53 572
Changes in fair value transferred to property, plant and equipment. . . . . . . . . . . . 711 710
Income tax on movements in the cash flow hedging reserve . . . . . . . . . . . . . . . . (53) (9) (53) (9)
127 23 126 22
Retained profits
Actuarial (loss)/gain on defined benefit plans. . . . . . . . . . . . . . . . . . . . . . . . .24 (434) 23 (425) 17
Income tax on actuarial loss/gain on defined benefit plans . . . . . . . . . . . . . . . . . 129 (6) 127 (4)
(305) 17 (298) 13
Minority interests
Translation of financial statements of non-Australian controlled entities . . . . . . . . (19) (17) --
Total comprehensive income for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,241 3,183 3,645 3,473
Attributable to:
Equity holders of Telstra Entity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,241 3,178
Minority interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -5
3,241 3,183