Telstra 2008 Annual Report Download - page 165

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Telstra Corporation Limited and controlled entities
162
Notes to the Financial Statements (continued)
(c) Net position on a contractual face value basis (continued)
(i) Used to hedge net foreign investments.
18. Capital management, financial assets and financial liabilities (continued)
Table E Telstra Group Telstra Entity
As at 30 June As at 30 June
Face values Face values
2008 2007 2008 2007
Note Currency $m $m $m $m
Interest bearing financial assets included in net debt
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . Floating Australian dollar 527 535 482 479
Cash and cash equivalents held in foreign currencies . . . . . Floating Various 312 214 --
Bank deposits with maturity greater than 90 days. . . . . . . Floating Chinese renminbi 20 31 --
Amounts owed by controlled entities . . . . . . . . . . . . . . . Floating Australian dollar --5-
Amounts owed by controlled entities . . . . . . . . . . . . . . . Fixed Australian dollar --11 -
Forward contract asset. . . . . . . . . . . . . . . . . . . . . . . . Floating Australian dollar 421 214 421 214
Finance lease receivable . . . . . . . . . . . . . . . . . . . . . . . Fixed Australian dollar 158 154 158 154
1,438 1,148 1,077 847
Interest bearing financial liabilities included in net debt
Cross currency & interest rate swap payable . . . . . . . . 19 Fixed Australian dollar (5,672) (5,722) (5,672) (5,722)
Cross currency swap payable . . . . . . . . . . . . . . . . . . 19 Floating Australian dollar (4,930) (4,786) (4,930) (4,786)
Cross currency swap payable (i) . . . . . . . . . . . . . . . . . . Floating Hong Kong dollar (559) (633) (559) (633)
Promissory notes . . . . . . . . . . . . . . . . . . . . . . . . . . . Floating Australian dollar (207) (410) (207) (410)
Finance lease payable . . . . . . . . . . . . . . . . . . . . . . . . Fixed Australian dollar (145) (167) (90) (97)
Loans from wholly owned controlled entities. . . . . . . . . . Floating Australian dollar --(176) -
Loans from wholly owned controlled entities. . . . . . . . . . Fixed Australian dollar --(8) (380)
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . Floating Australian dollar (1,500) -(1,500) -
Telstra bonds and domestic loans . . . . . . . . . . . . . . . . . Fixed Australian dollar (2,249) (2,749) (2,249) (2,749)
Forward contract liability . . . . . . . . . . . . . . . . . . . . 19 Floating Australian dollar (1,400) (891) (1,400) (891)
Offshore loans (i) . . . . . . . . . . . . . . . . . . . . . . . . . 19 Fixed New Zealand dollar (158) (181) (158) (181)
Promissory notes (i) . . . . . . . . . . . . . . . . . . . . . . . . 19 Floating New Zealand dollar (328) (376) (328) (376)
(17,148) (15,915) (17,277) (16,225)
Net interest bearing debt . . . . . . . . . . . . . . . . . . . . . . (15,710) (14,767) (16,200) (15,378)
Non-interest bearing cash included in net debt. . . . . . . . . Various 60 76 60 68
Net debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (15,650) (14,691) (16,140) (15,310)
Other non-interest bearing financial assets . . . . . . . . . . . 4,368 4,220 6,262 5,859
Other non-interest bearing financial liabilities . . . . . . . . . (4,220) (4,575) (3,722) (4,423)
Net financial liabilities . . . . . . . . . . . . . . . . . . . . . . . (15,502) (15,046) (13,600) (13,874)