Telstra 2007 Annual Report Download - page 183

Telstra Corporation Limited and controlled entities
180
Notes to the Financial Statements (continued)
24. Notes to the cash flow statement
Telstra Group Telstra Entity
Year ended 30 June Year ended 30 June
2007 2006 2007 2006
Note $m $m $m $m
(a) Reconciliation of profit to net cash provided by operating activities
Profit for the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,275 3,183 3,438 3,239
Add/(subtract) the following transactions
Depreciation and amortisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 4,082 4,078 3,588 3,648
Finance income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (57) (74) (47) (71)
Finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 1,144 1,007 1,147 990
Dividend revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 --(186) (560)
Share based payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 25 15 25 15
Defined benefit plan expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 239 185 238 182
Net gain on disposal of property, plant and equipment . . . . . . . . . . . . . . . . . . 6 (6) (23) (10) (20)
Net gain on disposal of intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (2) -(2) -
Net gain on disposal of controlled entities. . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (48) (4) --
Net gain on disposal of other investments. . . . . . . . . . . . . . . . . . . . . . . . . . . 6 (13) (58) (13) (59)
Share of net losses/(profits) from jointly cont rolled and associated entities . . . . . .30 7(5) --
Impairment losses (excluding inventories, trade and other receivables) . . . . . . . . 7 154 137 249 760
Reversal of impairment losses (excluding trade and other receivables) . . . . . . . . . 7 --(2) (15)
Foreign exchange differences. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7) 28 (52) (46)
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -4-9
Movements in operating assets and liabilities
(net of acquisitions and disposals of controlled entity balances)
(Increase)/decrease in trade and other receivables. . . . . . . . . . . . . . . . . . . . . . . (98) (140) (109) (204)
(Increase)/decrease in inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (107) 10 (96) 14
(Increase)/decrease in prepayments and other assets. . . . . . . . . . . . . . . . . . . . . 24 30 12 20
Increase/(decrease) in trade and ot her payables . . . . . . . . . . . . . . . . . . . . . . . . 341 243 337 517
Increase/(decrease) in revenue received in advance . . . . . . . . . . . . . . . . . . . . . . 20 55 19 23
Increase/(decrease) in net taxes payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . (210) (501) (92) (536)
Increase/(decrease) in provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (243) 383 (246) 396
Net cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,520 8,553 8,198 8,302
(b) Reconciliation of cash balances
Cash at the end of the year as shown in the cash flow statement agrees to the net
amount of the following items in the notes to the financial statements:
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 823 689 546 474
823 689 546 474