Telstra 2002 Annual Report Download - page 286

Telstra Corporation Limited and controlled entities
283
Notes to the Financial Statements (continued)
Interest rate risk
Our exposure to interest rate risk and the effective interest rates on
financial instruments at 30 June 2002 are shown in Table F below. The
information as at 30 June 2001 is shown in Table G.
(a) The effective yield (effective interest rate) on our net debt at 30
June 2002 is 7.7%, after taking into account the impact of interest rate
swaps and cross currency swaps.
(b) This excludes investments in joint venture entities and associated
entities.
(c) Carrying amount as per statement of financial position.
29. Additional financial instruments disclosures (continued)
Table F Telstra Group
As at 30 June 2002
Weighted Interest rate Non
average Floating Fixed due dates interest
effective 1 yr. or less 2 to 5 yrs. over 5 yrs. bearing Total (c)
interest
rate
% $m $m $m $m $m $m Note
Financial assets
Cash assets . . . . . . . . . . . . . . . (a) 3.45 759 - - - 311 1,070 8
Trade debtors and accrued revenue . . -----3,595 3,595 9
Bank deposits, bills of exchange
and commercial paper > 90 days . . (a) 5.15 388 - - - - 388 9
Share loan to employees. . . . . . . . . - - - - - 230 230 9
Other receivables . . . . . . . . . . . (a) 3.50 ---115 56 171 9
Loans to joint ventures and associated
entities. . . . . . . . . . . . . . . . . . (a) 4.61 -16 46 - - 62 9
PCCW convertible note . . . . . . . . (a) 5.00 - - 337 - - 337 9
Investments . . . . . . . . . . . . . . (b) - - - - - 105 105 11
Total financial assets as at
30 June 2002 . . . . . . . . . . . . . . . . 1,147 16 383 115 4,297 5,958
Financial liabilities
Trade creditors and accrued expenditure -----2,365 2,365 15
Other creditors . . . . . . . . . . . . . . . - - - - - 555 555 15
Loan from joint venture entity . . . (a) 4.70 - 4 - - - 416
Bills of exchange and commercial
paper . . . . . . . . . . . . . . . . . . . (a) 4.41 602 - - - - 602 16
Bank loans . . . . . . . . . . . . . . . (a) 3.87 1,613 - - - - 1,613 16
Telstra bonds . . . . . . . . . . . . . . (a) 8.74 - 582 989 1,616 -3,187 16
Other loans . . . . . . . . . . . . . . . (a) 5.85 - 148 3,736 4,931 -8,815 16
Cross currency swaps . . . . . . . . . (a) -2,248 (148) (1,548) (1,088) -(536) 16
Finance lease liabilities. . . . . . . . (a) 7.11 -20 21 - - 41 16
Interest rate swaps . . . . . . . . . . (a) -1,150 (280) (1,763) 893 - -
Total financial liabilities as at
30 June 2002 . . . . . . . . . . . . . . . . 5,613 326 1,435 6,352 2,920 16,646
Net financial assets/(liabilities)
as at 30 June 2002 . . . . . . . . . . . . (4,466) (310) (1,052) (6,237) 1,377 (10,688)