Telstra 2009 Annual Report Download - page 153

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Telstra Corporation Limited and controlled entities
138
Notes to the Financial Statements (continued)
(b) Financial assets and financial liabilities (continued)
17. Capital management, financial assets and financial liabilities (continued)
Table C Telstra Group Telstra Group
As at 30 June 2009 As at 30 June 2008
Carrying
amount Fair value Face value Carrying
amount Fair value Face value
Receivable / (Payable) Receivable / (Payable)
$m $m $m $m $m $m
Financial instruments included in net debt
Cash at bank and on hand. . . . . . . . . . . . . . . . . . . . . . 462 462 462 426 426 426
Available for sale - at fair value
Bank deposits, bills of exchange and promissory notes . . . . 935 935 941 493 493 494
In designated hedge relationships - at fair value
Cross currency swap receivable - hedging instrument . . . . . 572 572 490 117 117 119
Cross currency swap payable - hedging instrument . . . . . . (597) (597) (624) (840) (840) (874)
Interest rate swap receivable - hedging instrument . . . . . . 407 407 - 347 347 -
Interest rate swap payable - hedging instrument . . . . . . . (186) (186) -(183) (183) -
Forward contract asset - hedging instrument . . . . . . . . . . 111 111
Forward contract liability - hedging instrument . . . . . . . . (83) (83) (95) (26) (26) (34)
Promissory notes - hedged item . . . . . . . . . . . . . . . . . . (15) (15) (16) (929) (932) (935)
Offshore loans - hedged item . . . . . . . . . . . . . . . . . . . . (3,924) (3,944) (3,849) (2,932) (2,960) (3,020)
In designated hedge relationships - at amortised cost
Offshore loans - hedged item . . . . . . . . . . . . . . . . . . . . (5,452) (5,544) (5,468) (4,866) (4,601) (4,887)
Telstra bonds and domestic loans - hedged item . . . . . . . . (273) (244) (275) (274) (257) (275)
Promissory notes - hedging instrument . . . . . . . . . . . . . (284) (284) (287) (320) (325) (328)
Offshore loans - hedging instrument . . . . . . . . . . . . . . . (202) (202) (205) (158) (147) (158)
Not in designated hedge relationship - at fair value
Forward contract liability . . . . . . . . . . . . . . . . . . . . . . (3) (3) (3) (10) (10) (12)
Forward contract asset. . . . . . . . . . . . . . . . . . . . . . . . 444 ---
Cross currency swap payable . . . . . . . . . . . . . . . . . . . . (61) (61) (85) (112) (112) (120)
Cross currency swap receivable. . . . . . . . . . . . . . . . . . . 129 129 103 33 33 39
Interest rate swap receivable . . . . . . . . . . . . . . . . . . . . 88 88 - ---
Interest rate swap payable . . . . . . . . . . . . . . . . . . . . . ---(133) (133) -
De-designated from hedge relationship - at amortised
cost
Offshore loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,438) (1,544) (1,576) (1,174) (1,163) (1,323)
Other financial liabilities - at amortised cost
Finance lease payable . . . . . . . . . . . . . . . . . . . . . . . . (95) (95) (128) (107) (107) (145)
Promissory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . ---(203) (205) (207)
Offshore loans (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,133) (1,196) (1,142) (815) (805) (820)
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . (4,507) (4,405) (4,534) (3,721) (3,514) (3,749)
Telstra Group net debt . . . . . . . . . . . . . . . . . . . . . . . . (15,655) (15,805) (16,286) (15,386) (14,903) (15,808)
Other financial instruments
Loans and receivables
Finance lease receivable . . . . . . . . . . . . . . . . . . . . . . . 126 126 140 144 144 158
Trade/other receivables and accrued revenue . . . . . . . . . . 4,022 4,022 4,271 3,953 3,953 4,174
Amounts owed by jointly controlled and associated entities 38 38 229 33 33 194
Financial liabilities at amortised cost
Trade/other creditors and accrued expenses. . . . . . . . . . . (3,712) (3,712) (3,712) (3,961) (3,961) (3,961)
Deferred consideration for capital expenditure . . . . . . . . . (267) (267) (400) (150) (150) (259)
Net financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (15,448) (15,598) (15,758) (15,367) (14,884) (15,502)
Total financial assets . . . . . . . . . . . . . . . . . . . . . . . . . 6,784 6,784 6,641 5,547 5,547 5,605
Total financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (22,232) (22,382) (22,399) (20,914) (20,431) (21,107)
Net financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (15,448) (15,598) (15,758) (15,367) (14,884) (15,502)