Telstra 2002 Annual Report Download - page 89

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Telstra Corporation Limited and controlled entities
Operating and Financial Review and Prospects
Other revenue
Table 18 shows information about other revenue by category.
Table 18 - Other revenue by category
(1) Interest revenue received/receivable is now included in net interest. Refer Table 25.
Over the three-year period the following one off transactions have impacted our other revenue from the sale
of assets:
• the disposal of our global wholesale business and certain controlled entities in February 2001 to
REACH for A$2,372 million;
• the sale of our 15% interest in Computershare for A$546 million in fiscal 2001;
• the sale in fiscal 2000 of our wholly owned entity, Telstra New Zealand Limited, to TelstraSaturn
(now TelstraClear) for A$195 million;
• the sale in fiscal 2000 of our global satellite communications business, Inmarsat Holdings plc for
A$170 million, in exchange for a 35% interest in the joint venture now holding these assets; and
• the sale in fiscal 2000 of a portion of our interest in Infonet Services Corporation for A$115 million.
Dividends received in fiscal 2002 were lower compared with fiscal 2001 due to dividends paid by Intelsat in
fiscal 2001 under contractual obligations while it was a satellite consortium. Since incorporation on 18 July
2001, Intelsat has not declared a dividend.
In fiscal 2001 miscellaneous revenue increased as a result of the writeback of A$725 million superannuation
contributions, due to the release of our obligation to continue to pay contributions to the Telstra
Superannuation Scheme.
Year ended 30 June
2002 2001 2000
(in A$ millions)
Other revenue
Dividends received/receivable . . . . . . . . . . . . . . . . . . . 116 12
Miscellaneous revenue . . . . . . . . . . . . . . . . . . . . . . . 303 985 308
Sub-total other revenue . . . . . . . . . . . . . . . . . . . . . . . . . 304 1,001 320
Revenue from sale of:
Property, plant and equipment . . . . . . . . . . . . . . . . . . 246 288 243
Controlled entities . . . . . . . . . . . . . . . . . . . . . . . . . . -120 248
Investments in listed securities and other corporations . . . 22 603 177
Patents, trademarks and licences . . . . . . . . . . . . . . . . . 114 -
Businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 2,273 149
Associates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --25
Joint Ventures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . -5-
Total revenue from sale of assets . . . . . . . . . . . . . . . . . . . 302 3,303 842
Total other revenue(1) . . . . . . . . . . . . . . . . . . . . . . . . . . 606 4,304 1,162