Telstra 2003 Annual Report Download - page 48

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P.46
concise financial report continued
statement of financial position as at 30 June 2003 Telstra Group
As at 30 June
2003 2002
$m $m
Current assets
Cash assets 1,300 1,070
Receivables 3,619 4,063
Inventories 260 204
Other assets 578 1,038
Total current assets 5,757 6,375
Non current assets
Receivables 877 1,005
Inventories 14 20
Investments – accounted for using the equity method 159 1,197
Investments – other 96 105
Property, plant and equipment 23,012 23,421
Future income tax benefit –132
Intangibles – goodwill 2,018 2,063
Intangibles – other 1,146 1,358
Other assets 2,520 2,543
Total non current assets 29,842 31,844
Total assets 35,599 38,219
Current liabilities
Payables 2,525 2,762
Interest-bearing liabilities 1,323 1,896
Income tax payable 660 632
Provisions 353 1,903
Revenue received in advance 973 1,037
Total current liabilities 5,834 8,230
Non current liabilities
Payables 51 129
Interest-bearing liabilities 11,232 12,481
Provision for deferred income tax 1,814 1,987
Provisions 814 848
Revenue received in advance 432 438
Total non current liabilities 14,343 15,883
Total liabilities 20,177 24,113
Net assets 15,422 14,106
Shareholders’ equity
Telstra Entity
Contributed equity 6,433 6,433
Reserves (150) 14
Retained profits 9,137 7,661
Shareholders’ equity available to Telstra Entity shareholders 15,420 14,108
Outside equity interests
Contributed equity 1212
Reserves –34
Retained profits/(accumulated losses) 1(248)
Total outside equity interests 2(2)
Total shareholders’equity 15,422 14,106
The above statement of financial position 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 2003”.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 2003” which is available, free of charge, upon request to Telstra.