Telstra 2001 Annual Report Download - page 44

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P.42
Statement of Financial Performance – Profit and Loss Statement
for the year ended 30 June 2001
Telstra Group
Year ended 30 June
Note 2001 2000
$m $m
OOrrddiinnaarryy aaccttiivviittiieess
RReevveennuuee
Sales revenue – usual 19,458 18,609
Sales revenue – unusual 4 (779) 734
Other revenue – usual 764 1,238
Other revenue – unusual 4 3,643 –
23,086 20,581
EExxppeennsseess
Labour – usual 3,122 3,228
Labour – unusual 4 – 572
Direct cost of sales – usual 3,693 3,329
Direct cost of sales – unusual 4 (560) 734
Depreciation and amortisation 2,871 2,646
Other expenses – usual 3,891 4,035
Other expenses – unusual 4 2,820 –
15,837 14,544
Borrowing costs 769 630
Share of net losses of associates
and joint venture entities 183 58
16,789 15,232
PPrrooffiitt bbeeffoorree iinnccoommee ttaaxx eexxppeennssee6,297 5,349
Income tax expense 2,292 1,848
Effect of decrease in tax rates on deferred tax balances (56) (172)
Total income tax expense 2,236 1,676
NNeett pprrooffiitt4,061 3,673
Outside equity interests in net profit (3) 4
NNeett pprrooffiitt aavvaaiillaabbllee ttoo TTeellssttrraa EEnnttiittyy sshhaarreehhoollddeerrss44,,00558833,,667777
OOtthheerr vvaalluuaattiioonn aaddjjuussttmmeennttss ttoo eeqquuiittyy
Net exchange differences on conversion of non-
Australian controlled entities’ financial statements 61 12
Share of associated and joint venture entities’ reserves (33) (9)
Asset revaluation decrements taken through the reserve – (25)
Valuation adjustments available to Telstra Entity
shareholders and recognised directly in equity 28 (22)
Total changes in equity other than those resulting
from transactions with Telstra Entity shareholders as owners 4,086 3,655
¢¢¢¢
BBaassiicc aanndd ddiilluutteedd eeaarrnniinnggss ppeerr sshhaarree ((cceennttss))31.5 28.6
FFiinnaall ddiivviiddeenndd ppeerr sshhaarree ((cceennttss))3 11.0 10.0
The above statement of financial performance should be read in conjunction with the accompanying notes and discussion and analysis. The
financial statements and specific disclosures have been derived from the financial report contained in the ‘Annual Report 2001’. This concise
financial report cannot be expected to provide as full an understanding of the financial performance, financial position and financing and
investing activities of Telstra as the financial report. Further financial information can be obtained from the ‘Annual Report 2001’, which is
available, free of charge, on request by calling FREECALL™ 1800 06 06 08 – a free call from fixed phones.
Telstra’s profit after minorities for the year was a record $4,058 million >>2000: $3,677 million