Telstra 2009 Annual Report Download - page 129

Telstra Corporation Limited and controlled entities
114
Notes to the Financial Statements (continued)
9. Income taxes
Telstra Group Telstra Entity
As at 30 June As at 30 June
2009 2008 2009 2008
$m $m $m $m
Major components of income tax expense
Current tax expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,334 1,471 1,458 1,583
Deferred tax resulting from the origination and reversal of temporary differences . . . 283 6242 38
Over provision of tax in prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35) (48) (25) (78)
1,582 1,429 1,675 1,543
Notional income tax expense on profit differs from
actual income tax expense recorded as follows:
Profit before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,658 5,140 5,650 5,360
Notional income tax expense calculated at the Australian tax rate of 30%: . . . . . . . 1,697 1,542 1,695 1,608
Which is adjusted by the tax effect of:
Effect of different rates of tax on overseas income. . . . . . . . . . . . . . . . . . . . . . . 12 (21) --
Non assessable and non deductible items . . . . . . . . . . . . . . . . . . . . . . . . . . . . (92) (44) 513
Over provision of tax in prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (35) (48) (25) (78)
Income tax expense on profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,582 1,429 1,675 1,543
Income tax recognised directly in equity during the year. . . . . . . . . . . . . . . . . . . (230) (33) (194) (74)