Telstra 2004 Annual Report Download - page 46

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44
concise financial reportcontinued
statement of financial position as at 30 June 2004 Telstra Group
As at 30 June
2004 2003
$m $m
Current assets
Cash assets 687 1,300
Receivables 3,608 3,619
Inventories 229 260
Other assets 803 578
Total current assets 5,327 5,757
Non current assets
Receivables 740 877
Inventories 10 14
Investments – accounted for using the equity method 40 159
Investments – other 80 96
Property, plant and equipment 22,863 23,012
Intangibles –goodwill 2,104 2,018
Intangibles – other 1,501 1,146
Other assets 2,328 2,520
Total non current assets 29,666 29,842
Total assets 34,993 35,599
Current liabilities
Payables 2,338 2,525
Interest-bearing liabilities 3,246 1,323
Income tax payable 539 660
Provisions 358 353
Revenue received in advance 1,095 973
Total current liabilities 7,576 5,834
Non current liabilities
Payables 49 51
Interest-bearing liabilities 9,014 11,232
Provision for deferred income tax 1,807 1,814
Provisions 778 814
Revenue received in advance 408 432
Total non current liabilities 12,056 14,343
Total liabilities 19,632 20,177
Net assets 15,361 15,422
Shareholders’equity
Telstra Entity
Contributed equity 6,073 6,433
Reserves (105) (150)
Retained profits 9,391 9,137
Shareholders’ equity available to Telstra Entity shareholders 15,359 15,420
Outside equity interests
Contributed equity 21
Retained profits –1
Total outside equity interests 22
Total shareholders’equity 15,361 15,422
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 2004”. This concise financial report cannot be expected to provide as full an understanding of the financial performance,
financial position and cash flow activities of Telstra as the financial report. Further financial information can be obtained from the “Annual Report 2004” which is available, free of charge,upon
request to Telstra.