Telstra 2007 Annual Report Download - page 197
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Telstra Corporation Limited and controlled entities
194
Notes to the Financial Statements (continued)
(b) Amounts recognised in the income statement and in equity
28. Post employment benefits (continued)
Telstra Group Telstra Entity
Year ended 30 June Year ended 30 June
2007 2006 2007 2006
$m $m $m $m
The components of defined benefit plan expense recognised in the income
statement within labour expenses are as follows:
Current service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188 227 184 220
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187 205 184 202
Expected return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (316) (322) (310) (316)
Member contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17) (40) (17) (39)
Curtailment loss/(gain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 (17) 38 (17)
Plan expenses after tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 15 10 15
Notional transfer of funds for defined cont ribution benefits. . . . . . . . . . . . . . . . . 114 89 114 89
Adjustment for contributions tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 28 35 28
239 185 238 182
The movements in the defined benefit plan asset recognised directly in equity
in the statement of recognised income and expense are as follows:
Actuarial gains on defined benefit plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 820 15 803
Adjustment for contributions tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2142 2142
23 962 17 945
Cumulative actuarial gains recognised directly in equity . . . . . . . . . . . . . . . . . 895 872 877 860