Telstra 2009 Annual Report Download - page 236

Telstra Corporation Limited and controlled entities
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Notes to the Financial Statements (continued)
Transactions involving our controlled entities (continued)
(b) The Telstra Entity recorded dividend revenue of $100 million from
Telstra Media Pty Limited and $46 million from Telstra Holdings Pty
Ltd during fiscal 2009. The Telstra Entity recorded dividend revenue
from Telstra Media Pty Limited of $127 million, Sensis Pty Ltd of $81
million and Telstra Services Solutions Holdings Limited of $48 million
in fiscal 2008.
(c) The profit before income tax expense of the Telstra Entity included
an impairment loss of $220 million (2008: $247 million) relating to a
movement in allowance for amounts owed by a controlled entity.
(d) The Telstra Entity and its Australian controlled entities have
formed a tax consolidated group, with a tax funding arrangement
currently in place. The amounts receivable or amounts payable to the
Telstra Entity under this arrangement are due in the next financial
year upon final settlement of the current tax payable for the tax
consolidated group. Refer to note 9 for further details on tax
consolidation.
(e) The Telstra Entity operates a current account with some of its
Australian controlled entities, being an internal group bank account
used to settle transactions with its controlled entities or between two
controlled entities. Cash deposit balances in the current account
owed to our controlled entities are recorded as loans. All loan
balances with our controlled entities are unsecured, with settlement
required in cash. Refer to note 17 for further discussion on our
borrowings.
29. Related party disclosures (continued)