Telstra 2009 Annual Report Download - page 19

4
Telstra Corporation Limited and controlled entities
Full year results and operations review - June 2009
Summary financial information
Results of operations
(i) Other revenue primarily consists of distributions from our FOXTEL partnership and rental income.
(ii) Other income includes gains and losses on asset and investment sales, USO levy receipts, subsidies and other miscellaneous items.
(iii) Basic and diluted earnings per share are impacted by the effect of shares held in trust for employee share plans and instruments held under executive remuneration
plans.
n/m = not meaningful
Year ended 30 June Half-year ended 30 June
2009 2008 Change Change 2009 YoY change
$m $m $m %$m %
Sales revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,371 24,657 714 2.9% 12,727 2.6%
Other revenue (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136 171 (35) (20.5%) 70 37.3%
Total revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,507 24,828 679 2.7% 12,797 2.7%
Other income (ii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107 174 (67) (38.5%) 54 (19.4%)
Total income (excl. finance income) . . . . . . . . . . . . . . . 25,614 25,002 612 2.4% 12,851 2.6%
Labour . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,131 4,158 (27) (0.6%) 1,979 (4.2%)
Goods and services purchased . . . . . . . . . . . . . . . . . . . 5,313 5,181 132 2.5% 2,681 7.0%
Other expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,225 5,246 (21) (0.4%) 2,581 (4.7%)
Operating expenses. . . . . . . . . . . . . . . . . . . . . . . . . . 14,669 14,585 84 0.6% 7,241 (0.5%)
Share of net (profit)/loss from jointly controlled and associated
entities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) 1(4)(400.0%) (4) (500.0%)
Earnings before interest, income tax expense, depreciation
and amortisation (EBITDA) . . . . . . . . . . . . . . . . . . . . . 10,948 10,416 532 5.1% 5,614 7.1%
Depreciation and amortisation. . . . . . . . . . . . . . . . . . . 4,390 4,190 200 4.8% 2,135 (0.1%)
Earnings before interest and income tax expense (EBIT) . . 6,558 6,226 332 5.3% 3,479 12.0%
Net finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . 900 1,086 (186) (17.1%) 497 (15.2%)
Profit before income tax expense . . . . . . . . . . . . . . . . . 5,658 5,140 518 10.1% 2,982 18.3%
Income tax expense. . . . . . . . . . . . . . . . . . . . . . . . . . 1,582 1,429 153 10.7% 827 10.1%
Profit for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,076 3,711 365 9.8% 2,155 21.8%
Attributable to:
Equity holders of the Telstra Entity . . . . . . . . . . . . . . . . 4,073 3,692 381 10.3% 2,157 22.1%
Minority interests . . . . . . . . . . . . . . . . . . . . . . . . . . . 319 (16) (84.2%) (2) (166.7%)
4,076 3,711 365 9.8% 2,155 21.8%
Effective tax rate. . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.0% 27.8% 0.2 27.7% (2.1)
EBITDA margin on sales revenue . . . . . . . . . . . . . . . . . . 43.2% 42.2% 1.0 44.1% 1.8
EBIT margin on sales revenue . . . . . . . . . . . . . . . . . . . . 25.8% 25.3% 0.5 27.3% 2.3
cents cents
Change
cents Change %
Basic earnings per share (iii) . . . . . . . . . . . . . . . . . . . . . 32.9 29.9 3.0 10.0%
Diluted earnings per share (iii) . . . . . . . . . . . . . . . . . . . . 32.9 29.8 3.1 10.4%
Dividends:
Interim dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.0 14.0
Final dividend . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.0 14.0
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.0 28.0