Telstra 2009 Annual Report Download - page 180

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Telstra Corporation Limited and controlled entities
165
Notes to the Financial Statements (continued)
Contributed equity
Our contributed equity represents our authorised and issued fully paid
ordinary shares. Each of our fully paid ordinary shares carries the
right to one vote at a meeting of the company. Holders of our shares
also have the right to receive dividends and to participate in the
proceeds from sale of all surplus assets in proportion to the total
shares issued in the event of the company winding up.
We have 12,443,074,357 (30 June 2008: 12,443,074,357) authorised
fully paid ordinary shares on issue.
Share loan to employees
The share loan to employees account represents the outstanding
balance of the non recourse loans provided to our employees under
the Telstra Employee Share Ownership Plans (TESOP 97 and TESOP 99).
Refer to note 27 for further details regarding these plans.
Shares held by employee share plan trusts
The shares held by employee share plan trusts account represents the
cost of shares held by the Telstra Growthshare Trust (Growthshare) in
Telstra Corporation Limited. The purchase of these shares has been
fully funded by Telstra Corporation Limited. As at 30 June 2009 the
number of shares totalled 33,466,467 (2008: 39,765,621). These shares
are excluded from the calculation of basic and diluted earnings per
share.
Net services received under employee share plans
The net services received under employee share plans account is used
to record the cumulative value of our incentive shares, options,
restricted shares, performance rights and deferred shares issued under
Growthshare. Contributions by Telstra Corporation Limited to
Growthshare are also included in this account. These contributions
are used by the Trust to purchase Telstra shares on market to underpin
the issue of our equity instruments.
19. Share capital
Telstra Group Telstra Entity
As at 30 June As at 30 June
2009 2008 2009 2008
$m $m $m $m
Contributed equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,793 5,793 5,793 5,793
Share loan to employees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (87) (98) (87) (98)
Shares held by employee share plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (165) (197) (165) (197)
Net services received under employee share plans. . . . . . . . . . . . . . . . . . . . . . . 35 36 35 36
5,576 5,534 5,576 5,534