Telstra 2013 Annual Report Download - page 169
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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
FINANCIAL STATEMENTS
Telstra Corporation Limited and controlled entities Telstra Annual Report 2013 167
(h) Other disclosures for jointly controlled and associated
entities
The movements in the consolidated equity accounted amount of our
jointly controlled and associated entities are summarised as follows:
Other commitments
Our jointly controlled entity FOXTEL has other commitments
amounting to approximately $3,950 million (2012: $4,045 million).
The majority of our 50 per cent share of these commitments relate
to minimum subscriber guarantees (MSG) for pay television
programming agreements. These agreements are for periods of
between 1 and 25 years and are based on current prices and costs
under agreements entered into between the FOXTEL Partnership
and various other parties. These minimum subscriber payments
fluctuate in accordance with price escalation, as well as foreign
currency movements. In addition to our MSG, FOXTEL has other
commitments, including obligations for satellite transponder costs
and digital set top box units.
On 31 August 2012, we concluded our 3GIS Partnership with
Vodafone Hutchison Australia. Our property lease commitments
have continued as both parties have been assigned their share of
leases.
26. INVESTMENTS IN JOINTLY CONTROLLED AND ASSOCIATED ENTITIES (CONTINUED)
Jointly controlled
entities Associated entities
Telstra Group Telstra Group
Year ended/As at Year ended/As at
30 June 30 June
2013 2012 2013 2012
$m $m $m $m
Carrying amount of investments at beginning of year . . . . . . . . . . . . . 2210 -
Additional investments made during the year . . . . . . . . . . . . . . . . . . . 3-510
5215 10
Share of net loss for the year. . . . . . . . . . . . . . . . . . . . . . . . . . . . --(1) -
Dividends received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --(1) -
Carrying amount of investments at end of year . . . . . . . . . . . . . . . . 5213 10
Our share of contingent liabilities of jointly controlled and associated entities . . . 10 9--
Our share of capital commitments contracted for by our jointly controlled
and associated entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19-1