Telstra 2005 Annual Report Download - page 50

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48
concise financial report
statement of financial performance for the year ended 30 June 2005 Telstra Group
Year ended 30 June
2005 2004
Note $m $m
Ordinary activities
Revenue
Sales revenue 22,161 20,737
Other revenue (excluding interest revenue) 4 496 543
22,657 21,280
Expenses
Labour 3,693 3,218
Goods and services purchased 4,147 3,554
Other expenses 44,055 4,255
11,895 11,027
Share of net (profit)/loss from joint venture entities and associated entities (9) 78
11,886 11,105
Earnings before interest, income tax expense, depreciation and amortisation (EBITDA) 1 10,771 10,175
Depreciation and amortisation 3,766 3,615
Earnings before interest and income tax expense (EBIT) 1 7,005 6,560
Interest revenue 103 55
Borrowing costs 839 767
Net borrowing costs 736 712
Profit before income tax expense 6,269 5,848
Income tax expense 4 1,822 1,731
Net profit 4,447 4,117
Outside equity interests in net loss – 1
Net profit available to Telstra Entity shareholders 4,447 4,118
Other valuation adjustments to equity
Net exchange differences on translation of financial statements of non-
Australian controlled entities (43) 21
Reserves recognised on equity accounting our interest in joint venture
entities and associated entities 3(5)
Valuation adjustments attributable to Telstra Entity shareholders
and recognised directly in equity (40) 16
Total changes in equity other than those resulting from transactions
with Telstra Entity shareholders as owners 4,407 4,134
¢¢
Basic and diluted earnings per share (cents per share) 35.5 32.4
Total dividends paid/declared (cents per share) 3, 5 40.0 26.0
The above statement of financial performance 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 2005’. 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 2005’ which is available, free of charge, upon
request to Telstra.