Telstra 2007 Annual Report Download - page 146

Telstra Corporation Limited and controlled entities
143
Notes to the Financial Statements (continued)
(a) The Telstra Entity receives procurement revenue from its
controlled entity Sensis Pty Ltd for the use of Yellow® and White
Pages® trademarks. Refer to note 33 for further details on
transactions involving our related parties.
(b) Other miscellaneous income includes revenue recognised from
subsidies received on the Higher Bandwidth Incentive Scheme (HiBIS)
and Broadband Connect Incentive Scheme.
HiBiS, which has now concluded, and its replacement program,
Broadband Connect, were established by the Commonwealth to allow
service providers to provide high bandwidt h services t o eligible
customers in the regional, rural and remote areas of Australia at prices
broadly comparable to those prices charged to customers in
metropolitan areas.
As a service provider, we were able to claim a rebate from the
Commonwealth for each registered HiBiS or Broadband Connect
service we provide to an eligible customer. The purpose of the
incentive payment was to cover the short fall of providing these
services to eligible customers in the regional, rural and remote areas
of Australia at metropolitan prices. We recognised these incentive
payments as other income.
We have no significant unfulfilled conditions or other contingencies
relating to our obligations under the HiBiS and Broadband Connect
programs.
6.Income
Telstra Group Telstra Entity
Year ended 30 June Year ended 30 June
2007 2006 2007 2006
Note $m $m $m $m
Sales revenue
Rendering of services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,541 12,402 10,225 10,402
Sale of goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,134 808 820 536
Rent of network facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,069 7,641 8,075 7,643
Construction contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 150 129 173
Advertising and directory services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,835 1,711 549 464
Procurement (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --642 647
23,673 22,712 20,440 19,865
Other revenue (excluding finance income)
Dividend revenue from controlled entities . . . . . . . . . . . . . . . . . . . . . . . . . . .33 --186 560
Rent from property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 22 36 22
36 22 222 582
Total revenue (excluding finance income) . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,709 22,734 20,662 20,447
Other income
Net gain on disposal of:
- property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 623 10 20
- intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-2-
- investments in controlled entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 4--
- investments in jointly controlled and associated entities. . . . . . . . . . . . . . . . . . 958 959
- investments in listed securities and other investments . . . . . . . . . . . . . . . . . . . 4-4-
69 85 25 79
Other miscellaneous income (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182 243 176 84
251 328 201 163
Total income (excluding finance income) . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,960 23,062 20,863 20,610
Finance income
- interest on cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 66 35 60
- interest on finance lease receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 811 8
- other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --13
57 74 47 71
Tot a l incom e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,017 23,136 20,910 20,681