Telstra 2009 Annual Report Download - page 154

Telstra Corporation Limited and controlled entities
139
Notes to the Financial Statements (continued)
(b) Financial assets and financial liabilities (continued)
17. Capital management, financial assets and financial liabilities (continued)
Table D Telstra Entity Telstra Entity
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. . . . . . . . . . . . . . . . . . . . . . 105 105 105 84 84 84
Available for sale - at fair value
Bank deposits, bills of exchange and promissory notes . . . . 911 911 917 458 458 459
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 relationship - 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) -
Borrowings 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 . . . . . . . . . . . . . . . . . . . . . . . . (70) (70) (77) (81) (81) (90)
Promissory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . ---(203) (205) (207)
Offshore loans (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,133) (1,196) (1,142) (815) (805) (820)
Loans from controlled entities - interest bearing . . . . . . . . (229) (229) (229) (184) (184) (184)
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . (4,507) (4,405) (4,534) (3,721) (3,514) (3,749)
Telstra Entity net debt. . . . . . . . . . . . . . . . . . . . . . . . (16,240) (16,390) (16,845) (15,921) (15,438) (16,314)
Other financial instruments
Loans and receivables
Finance lease receivable . . . . . . . . . . . . . . . . . . . . . . . 126 126 140 144 144 158
Trade/other receivables and accrued revenue . . . . . . . . . . 3,217 3,217 3,421 3,122 3,122 3,296
Amounts owed by jointly controlled and associated entities - - 191 --161
Amounts owed by controlled entities - non interest bearing. 860 860 3,347 554 554 2,821
Financial liabilities at amortised cost
Trade/other creditors and accrued expenses. . . . . . . . . . . (3,098) (3,098) (3,098) (3,321) (3,321) (3,321)
Loans from controlled entities - non interest bearing . . . . . (877) (877) (877) (246) (246) (246)
Amounts owed to controlled entities - non interest bearing . (189) (189) (189) (155) (155) (155)
Net financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (16,201) (16,351) (13,910) (15,823) (15,340) (13,600)
Total financial assets . . . . . . . . . . . . . . . . . . . . . . . . . 6,420 6,420 8,719 4,860 4,860 7,138
Total financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (22,621) (22,771) (22,629) (20,683) (20,200) (20,738)
Net financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (16,201) (16,351) (13,910) (15,823) (15,340) (13,600)