Telstra 2013 Annual Report Download - page 171

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NOTES TO THE
FINANCIAL STATEMENTS
(CONTINUED)
FINANCIAL STATEMENTS
Telstra Corporation Limited and controlled entities Telstra Annual Report 2013 169
(i) Suspension of equity accounting
Our unrecognised share of (profits)/losses for the period and
cumulatively, for our entities where equity accounting has ceased
and the investment is recorded at zero due to losses made by these
entities and/or reductions in the equity accounted carrying amount,
is shown below:
Equity accounting has been suspended for Telstra Super Pty Ltd.
There is no significant unrecognised profits/losses in this entity.
(*) FOXTEL includes FOXTEL Partnership and its controlled
entities, FOXTEL Television Partnership, Customer Services Pty
Limited, FOXTEL Cable Television Pty Ltd and FOXTEL
Management Pty Limited and its controlled entities.
A $155 million distribution was received from FOXTEL during the
year (2012: $108 million). This has been recorded as revenue in the
income statement and has increased our cumulative share of
unrecognised losses in FOXTEL to $166 million after taking into
account Telstra’s share of FOXTEL’s profit for the year of $130
million and other adjustments of $21 million.
26. INVESTMENTS IN JOINTLY CONTROLLED AND ASSOCIATED ENTITIES (CONTINUED)
Telstra Group
Year ended 30 June
Period Cumulative Period Cumulative
2013 2013 2012 2012
$m $m $m $m
Jointly controlled entities
FOXTEL (*). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4166 30 162
Reach Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) 558 1 560
Associated entities
Australia-Japan Cable Holdings Limited . . . . . . . . . . . . . . . . . (11) 126 (11) 137
(9) 850 20 859