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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
100 Telstra Annual Report 2013 Telstra Corporation Limited and controlled entities
(a) Non current assets includes property, plant and equipment,
intangibles and investments.
(b) The following government grants have been recognised as other
income during the financial year:
• $124 million (2012: nil) under the Telecommunications Universal
Services and Management Agency (TUSMA) National
Broadband Network (NBN) Definitive Agreement, which
replaced the Universal Services Obligation (USO);
• $6 million (2012: $58 million) related to the Australian
Communications and Media Authority's (ACMA) USO;
• $11 million (2012: $2 million) under the Retraining Fund Deed
NBN Definitive Agreement. The grant, received last year, is
being used to retrain certain employees over a period of eight to
ten years; and
• $11 million (2012: $6 million) related to other contracts
accounted for as government grants.
There are no unfulfilled conditions or other contingencies attaching
to these grants.
6. INCOME
Telstra Group
Year ended 30 June
2013 2012
Note $m $m
Sales revenue
Rendering of services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,850 11,410
Sale of goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,197 1,854
Rent of network facilities and access. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,709 10,120
Construction contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 249 229
Advertising and directory services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,497 1,619
25,502 25,232
Other revenue (excluding finance income)
Distribution from FOXTEL Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 155 108
Rent from property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 28
176 136
Total revenue (excluding finance income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,678 25,368
Other income
Net gain on disposal of non current assets (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 5
Net gain on de-recognition of finance leases. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 8-
Net foreign currency translation gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7-
Government grants (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152 66
Gain from de-recognition of contingent consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 -33
Other miscellaneous income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 31
302 135
Total income (excluding finance income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,980 25,503
Finance income
Interest on cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17(e) 94 111
Interest on finance lease receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17(e) 11 11
Interest on loans to jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . 17(e) 53 12
Interest on other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 -
219 134
Total income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,199 25,637