Telstra 2007 Annual Report Download - page 244

Telstra Corporation Limited and controlled entities
241
Notes to the Financial Statements (continued)
(a) Financial assets, financial liabilities and gearing (continued)
(*) Included in the calculation of net debt. Refer to Table C.
34. Financial and capital risk management (continued)
Ta ble B Telstra Entity
As at 30 June 2007 As at 30 June 2006
Carrying
amount Fair value
Face
value
Carrying
amount Fair value
Face
value
$m $m $m $m $m $m
Financial assets - current
Cash at bank and on hand * . . . . . . . . . . . . . . . . . . . . 94 94 94 87 87 87
Bills of exchange and commercial paper * . . . . . . . . . . . 452 452 454 387 387 389
Trade receivables . . . . . . . . . . . . . . . . . . . . . . . . . . 2,107 2,107 2,233 1,911 1,911 2,030
Accrued revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . 912 912 912 971 971 971
Amounts owed by controlled entities . . . . . . . . . . . . . 322 322 2,344 416 416 2,267
Other receivables . . . . . . . . . . . . . . . . . . . . . . . . . . 42 42 42 46 46 46
Finance lease receivable * . . . . . . . . . . . . . . . . . . . . . 46 46 46 20 20 20
Cross currency swap hedge receivable *. . . . . . . . . . . . . 38 38 38 20 20 16
Forward contract asset * . . . . . . . . . . . . . . . . . . . . . . 3 3 3 112
4,016 4,016 6,166 3,859 3,859 5,828
Financial assets - non current
Trade and other receivables . . . . . . . . . . . . . . . . . . . 54 54 54 67 67 72
Amounts owed by controlled entities. . . . . . . . . . . . . . 129 129 129 60 60 60
Amounts owed by jointly controlled and associated entities - - 183 --210
Finance lease receivable * . . . . . . . . . . . . . . . . . . . . . 90 90 90 59 59 59
Cross currency swap hedge receivable *. . . . . . . . . . . . . 25 25 37 222 222 255
Interest rate swap asset * . . . . . . . . . . . . . . . . . . . . . 224 224 - 169 169 -
522 522 493 577 577 656
4,538 4,538 6,659 4,436 4,436 6,484
Financial liabilities - current
Trade and other creditors . . . . . . . . . . . . . . . . . . . . . 928 928 928 726 726 726
Accrued interest and other accrued expenses . . . . . . . . . 2,708 2,708 2,708 2,142 2,142 2,142
Amounts owed to controlled entities . . . . . . . . . . . . . . 221 221 221 197 197 197
Loans from wholly owned controlled entities - non interest
bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 494 494 494 986 986 986
Loans from wholly owned controlled entities - interest bearing* 380 380 380 422 422 422
Promissory notes *. . . . . . . . . . . . . . . . . . . . . . . . . . 1,435 1,442 1,456 1,457 1,481 1,490
Bank loans * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ---110 110 110
Offshore loans * . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,273 1,275 1,272 394 396 392
Finance leases * . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 34 34 18 18 18
Cross currency swap hedge payable * . . . . . . . . . . . . . . 165 165 169 666
Interest rate swap payable * . . . . . . . . . . . . . . . . . . . 3 3 - ---
Forward cont ract liability * . . . . . . . . . . . . . . . . . . . . 9 9 10 667
7,650 7,659 7,672 6,464 6,490 6,496
Financial liabilit ies - non current
Other creditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 58 58 65 65 65
Telstra bonds and domestic loans * . . . . . . . . . . . . . . . 2,991 2,968 3,024 2,613 2,658 2,649
Offshore loans * . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,545 8,552 8,699 8,748 8,940 8,730
Finance leases * . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 54 54 48 48 48
Cross currency hedge payable * . . . . . . . . . . . . . . . . . 1,051 1,051 982 612 612 548
Interest rate swap payable * . . . . . . . . . . . . . . . . . . . 277 277 - 156 156 -
12,976 12,960 12,817 12,242 12,479 12,040
20,626 20,619 20,489 18,706 18,969 18,536