Telstra 2009 Annual Report Download - page 185

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Telstra Corporation Limited and controlled entities
170
Notes to the Financial Statements (continued)
Cash generating units
For the purposes of undertaking our impairment testing, we identify
cash generating units (CGUs). Our CGUs are determined according to
the smallest group of assets that generate cash inflows that are
largely independent of the cash inflows from other assets or groups of
assets.
The carrying amount of our goodwill and intangible assets with an
indefinite useful life are detailed below:
(a) Our assessment of the Sensis Group CGU excludes Location
Publishing Group, Adstream Group, SouFun Group and the Sequel
Group that form part of the Sensis reportable segment. These CGUs
are assessed separately.
(b) The operations of Trading Post and Telstra Business Systems (TBS)
have been integrated into Telstra Corporation Limited. As a result,
Trading Post and TBS cease to be separate CGUs. The Trading Post
mastheads and the TBS goodwill, are assessed within Telstra
Corporation Limited (Telstra Entity CGU).
(c) On 9 February 2009, our controlled entity Telstra Octave Holdings
Limited acquired 67% of the issued capital of Octave Investment
Holdings Limited which acquired 100% of the issued capital of Beauty
Sunshine Investments Limited and Sharp Point Group Limited for a
total consideration of $288 million excluding transaction costs. Refer
to note 20 for further details.
(d) The KAZ Group was disposed of on 30 April 2009. Refer to note 20 for
further details
(e) The Telstra Entity CGU consists of our ubiquitous
telecommunications infrastructure network in Australia, excluding
the Hybrid Fibre Coaxial cable network (HFC network) that we
consider not to be integrated with the rest of our telecommunications
network. Assets that form part of the ubiquitous telecommunications
network are considered to be working together to generate our net
cash flows. No one item of telecommunications equipment is of any
value without the other assets to which it is connected in order to
achieve delivery of our products and services.
As noted in (b) above, the Telstra Entity CGU also includes the Trading
Post mastheads and TBS goodwill.
(f) During fiscal 2009 the digital mapping business of Sensis was
managed and reported as a combined CGU with the former Universal
Publishers Pty Ltd.
21. Impairment
Goodwill
Intangible assets with
indefinite useful lives
As at 30 June As at 30 June
2009 2008 2009 2008
$m $m $m $m
CGUs
CSL New World Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,160 972 --
TelstraClear Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134 132 --
Telstra Europe Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93 94 --
Sensis Group (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215 215 --
Location Publishing Group (formerly Universal Publishers Pty Ltd) (f) . . . . . . . . . . . 15 15 10 10
Adstream Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 28 --
Telstra Business Systems Pty Ltd (b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -30 --
SouFun Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 342 287 --
1300 Australia Pty Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 16 12 12
Sequel Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126 68 --
Beauty Sunshine / Sharp Point (Octave Group) (c) . . . . . . . . . . . . . . . . . . . . . . . 158 ---
KAZ Group (d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -127 --
Telstra Entity CGU (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 33 337 -
2,346 2,017 359 22
Individual assets
Trading Post mastheads (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ---337
2,346 2,017 359 359