Telstra 2009 Annual Report Download - page 34

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19
Telstra Corporation Limited and controlled entities
Full year results and operations review - June 2009
Offshore controlled entities
For further details regarding the performance of CSL New
World (CSLNW) and TelstraClear, please refer to their
respective business summaries commencing on page 28.
Growth in Asia, the USA and Europe has resulted in a $44
million revenue improvement in other offshore controlled
entities. Revenue has increased by $24 million in Asia with
strong sales growth in Singapore, Hong Kong and Japan. Our
Singapore and Hong Kong businesses also benefitted from the
appreciating USD. In the USA the appreciating USD,
particularly in the first half of the financial year, was
responsible for the $14 million revenue increase. Europe
experienced a $6 million increase in revenue mainly due to
growth in data and hosting revenues in the UK.
Pay TV bundling
Pay TV bundling revenue increased by $41 million driven by a
$50 million increase in FOXTEL bundled revenue.
FOXTEL bundled pay TV SIOs increased by 7.3% or 31k from last
year as a result of a targeted campaign to acquire ‘new to pay
TV’ customers. The agreement to supply AUSTAR bundled
services ended in fiscal 2009 resulting in the loss of 31k SIOs
from June 2008. FOXTEL bundled ARPU increased by 0.5% to
$85.73 partly due to a price increase on the ‘Get Started’
package and higher penetration of FOXTEL iQ†.
Other revenue
Distributions received relates to partnership distributions from
our FOXTEL partnership. A distribution of $50 million was
received in the second half of fiscal 2009.
Year ended 30 June
2009 2008 Change Change
$m $m $m %
CSL New World . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 989 917 72 7.9%
TelstraClear . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 547 562 (15) (2.7%)
Other offshore controlled entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 390 346 44 12.7%
Total offshore controlled entities revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,926 1,825 101 5.5%
Year ended 30 June
2009 2008 Change Change
$m $m $m %
Pay TV bundling revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 467 426 41 9.6%
Total pay TV bundling SIOs (thousands) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450 450 - -
Total FOXTEL pay TV SIOs (excl wholesale) (thousands) . . . . . . . . . . . . . . . . . . . . . 1,479 1,370 109 8.0%
Note: statistical data represents management's best estimates.
Year ended 30 June
2009 2008 Change Change
$m $m $m %
Distributions received. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 130 (30) (23.1%)
Rental income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 41 (5) (12.2%)
Total other revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136 171 (35) (20.5%)