Telstra 2008 Annual Report Download - page 212

Telstra Corporation Limited and controlled entities
209
Notes to the Financial Statements (continued)
(a) ASIC deed of cross guarantee financial information (continued)
25. Investments in controlled entities (continued)
Closed group income statement and retained profits reconciliation Closed group
Year ended 30 June
2008 2007
$m $m
Income
Revenue (excluding finance income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22,987 21,955
Other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173 263
23,160 22,218
Expenses
Labour . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,891 3,737
Goods and services purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,300 4,200
Other expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,986 4,584
13,177 12,521
Share of net loss from jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
13,178 12,528
Earnings before interest, income tax expense, depreciation and amortisation (EBITDA) . . . . . . . . . . . . . . . 9,982 9,690
Depreciation and amortisation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,745 3,687
Earnings before interest and income tax expense (EBIT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,237 6,003
Finance income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123 107
Finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,152 1,131
Net finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,029 1,024
Profit before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,208 4,979
Income tax expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,461 1,435
Profit for the year available to the closed group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,747 3,544
Retained profits at the beginning of the financial year available to the closed group . . . . . . . . . . . . . . . . . 6,819 6,734
Actuarial (loss)/gain on defined benefit plans (net of tax effect) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (298) 13
Effect on retained profits from removal of entities from the closed group . . . . . . . . . . . . . . . . . . . . . . . . (30) (27)
Effect on retained profits from addition of new entities to the closed group . . . . . . . . . . . . . . . . . . . . . . . -34
Total available for distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,238 10,298
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,476) (3,479)
Retained profits at the end of the financial year available to the closed group . . . . . . . . . . . . . . . . . . . 6,762 6,819