Telstra 2003 Annual Report Download - page 54

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P.52
notes to the concise financial statements continued
2. Segment information (continued)
Telstra Group
Telstra Telstra Telstra Telstra Infra- Telstra Other Elimi- Total
Consumer & Country Business Internat- structure Whole- (c) (d) nation
Marketing Wide &Govern- ional Services sale
(a) (a) ment (b)
(a)
$m $m $m $m $m $m $m $m $m
Year ended 30 June 2003
Sales revenue from external customers 5,514 5,031 4,520 1,471 256 2,370 1,333 – 20,495
Other revenue from external customers 7 136 33 54 11 – 880 – 1,121
Total revenue from external customers
(excluding interest revenue) 5,521 5,167 4,553 1,525 267 2,370 2,213 – 21,616
Less sale of investment/dividend revenue 1 – 19 29 – – – – 49
Segment revenue from
external customers 5,520 5,167 4,534 1,496 267 2,370 2,213 – 21,567
Add inter-segment revenue ––55 33 754 258 86 (1,186) –
Total segment revenue 5,520 5,167 4,589 1,529 1,021 2,628 2,299 (1,186) 21,567
Segment result under AGAAP 3,093 4,931 3,429 12 (1,220) 1,628 (3,356) (1,794) 6,723
Less share of equity accounted
net losses/(profits) (2) – 6 974 – – 47 – 1,025
Less net book value of investments sold – – 2 22 – – – – 24
Add sale of investment/ dividend revenue 1 – 19 29 – – – – 49
Earnings before interest and
income tax expense (EBIT) –
segment result under USGAAP 3,096 4,931 3,440 (955) (1,220) 1,628 (3,403) (1,794) 5,723
Earnings has been calculated after
charging/ (crediting) the following:
Depreciation and amortisation – – 19 388 – – 3,043 (3) 3,447
Non cash expenses excluding
depreciation and amortisation (52) – 11 52 – – 640 – 651
Non current assets acquired (excluding
those acquired on investment) 11 (2) 18 188 1,125 46 1,946 – 3,332
As at 30 June 2003
Segment assets(e) 2,015 665 877 4,255 641 380 27,920 (1,154) 35,599
Segment assets include:
Investment in joint venture entities 11 – – 74 – – 44 – 129
Investment in associated entities – – 5 25 – – – – 30
Goodwill (net) ––431,930 – – 46 (1) 2,018
Segment liabilities 1,033 213 452 818 974 242 18,976 (2,531) 20,177
(a) These segment results do not reflect actual segment results achieved due to the majority of costs of goods and services associated with sales revenues for all three of these segments being
allocated totally to the Telstra Consumer and Marketing segment. This allocation reflects management’s accountability framework and internal reporting system and accordingly no reasonable
basis for allocation to the three segments exist.
(b) Included in the share of equity accounted net losses/(profits) is the write off of the investment in our 50% owned joint venture, REACH Ltd. Refer note 4 for further information.
(c) Included in other revenue from external customers is the sale of the seven office properties for $570 million. Refer note 4 for further information.
(d) Sales revenue for the other segment relates primarily to revenue earned by our subsidiary Sensis Pty Ltd. Telstra Technology and the Asset Accounting Group are the main contributors to
the segment result for this segment.
(e) Segment assets for the other segment includes Telstra Entity fixed assets (including network assets) managed through the centralised Asset Accounting Group.