Telstra 2008 Annual Report Download - page 162

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Telstra Corporation Limited and controlled entities
159
Notes to the Financial Statements (continued)
(b) Financial assets and financial liabilities (continued)
18. Capital management, financial assets and financial liabilities (continued)
Table C Telstra Group Telstra Group
As at 30 June 2008 As at 30 June 2007
Carrying
amount Fair value Face value Carrying
amount Fair value Face value
Receivable / (Payable) Receivable / (Payable)
$m $m $m $m $m $m
Financial instruments included in net debt
Cash at bank and on hand (i) . . . . . . . . . . . . . . . . . . . . 426 426 426 241 241 241
Available for sale - at fair value
Bank deposits, bills of exchange and promissory notes . . . . 493 493 494 613 613 615
In designated hedge relationships - at fair value
Cross currency swap receivable - hedging instrument . . . . . 117 117 119 63 63 75
Cross currency swap payable - hedging instrument . . . . . . (840) (840) (874) (1,171) (1,171) (1,108)
Interest rate swap asset - hedging instrument . . . . . . . . . 347 347 - 224 224 -
Interest rate swap liability - hedging instrument . . . . . . . . (183) (183) -(272) (272) -
Forward contract asset - hedging instrument . . . . . . . . . . 111 333
Forward contract liability - hedging instrument . . . . . . . . (26) (26) (34) (7) (7) (8)
Promissory notes - hedged item . . . . . . . . . . . . . . . . . . (929) (932) (935) (663) (665) (670)
Offshore loans - hedged item . . . . . . . . . . . . . . . . . . . . (2,932) (2,960) (3,020) (4,080) (4,128) (4,205)
Telstra bonds and domestic loans - hedged item . . . . . . . . (274) (257) (275) (274) (275) (275)
In designated hedge relationships - at amortised cost
Offshore loans - hedged item . . . . . . . . . . . . . . . . . . . . (4,866) (4,601) (4,887) (5,377) (5,359) (5,404)
Not in designated hedge relationship - at fair value
Forward contract liability . . . . . . . . . . . . . . . . . . . . . . (10) (10) (12) (2) (2) (2)
Cross currency swap payable . . . . . . . . . . . . . . . . . . . . (112) (112) (120) (45) (45) (43)
Cross currency swap receivable. . . . . . . . . . . . . . . . . . . 33 33 39 ---
Interest rate swap payable . . . . . . . . . . . . . . . . . . . . . (133) (133) -(8) (8) -
Finance leases - at amortised cost
Finance lease receivable . . . . . . . . . . . . . . . . . . . . . . . 144 144 158 136 136 154
Finance lease payable . . . . . . . . . . . . . . . . . . . . . . . . (107) (107) (145) (118) (118) (167)
Borrowings de-designated from hedge relationship
Offshore loans (ii) . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,174) (1,163) (1,323) (180) (170) (181)
Financial liabilities at amortised cost
Promissory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . (203) (205) (207) (404) (405) (410)
Promissory notes - hedging instrument . . . . . . . . . . . . . (320) (325) (328) (368) (372) (376)
Offshore loans (iii) . . . . . . . . . . . . . . . . . . . . . . . . . . . (815) (805) (820) ---
Offshore loans - hedging instrument . . . . . . . . . . . . . . . (158) (147) (158) (181) (170) (181)
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . (3,721) (3,514) (3,749) (2,717) (2,693) (2,749)
Net debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (15,242) (14,759) (15,650) (14,587) (14,580) (14,691)
Other non-interest bearing financial instruments
Loans and receivables
Trade/other receivables and accrued revenue. . . . . . . . . . 3,953 3,953 4,174 3,838 3,838 3,999
Amounts owed by jointly controlled and associated entities 33 33 194 38 38 221
Financial liabilities at amortised cost
Trade/other creditors and accrued expenses. . . . . . . . . . . (3,961) (3,961) (3,961) (4,272) (4,272) (4,272)
Deferred consideration for capital expenditure . . . . . . . . . (150) (150) (259) (144) (144) (303)
Net financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (15,367) (14,884) (15,502) (15,127) (15,120) (15,046)
Total financial assets . . . . . . . . . . . . . . . . . . . . . . . . . 5,547 5,547 5,605 5,156 5,156 5,308
Total financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (20,914) (20,431) (21,107) (20,283) (20,276) (20,354)
Net financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (15,367) (14,884) (15,502) (15,127) (15,120) (15,046)