Telstra 2008 Annual Report Download - page 219
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Telstra Corporation Limited and controlled entities
216
Notes to the Financial Statements (continued)
(g) Suspension of equity accounting
Our unrecognised share of (profits)/losses for the period and
cumulatively, for our entities where equity accounting has ceased and
the investment is recorded at zero due to losses made by these entities
and/or reductions in the equity accounted carrying amount, is shown
below:
Equity accounting has also been suspended for the following jointly
controlled and associated entities:
•TNAS Limited; and
• Telstra Super Pty Ltd.
There are no significant unrecognised profits/losses in these entities.
(*) FOXTEL includes the FOXTEL Partnership, the FOXTEL Television
Partnership, Customer Services Pty Limited, FOXTEL Management Pty
Limited and FOXTEL Cable Television Pty Ltd.
A $130 million distribution was received from FOXTEL during the year
(2007: nil). This has been recorded as revenue in the income statement
and has increased our cumulative share of unrecognised losses in
FOXTEL to $135 million after taking into account our share of FOXTEL’s
profit for the year of $78 million.
26. Investments in jointly controlled and associated entities (continued)
Telstra Group
Year ended 30 June
Period Cumulative Period Cumulative
2008 2008 2007 2007
$m $m $m $m
Jointly controlled entities
FOXTEL (*) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (78) 135 (34) 83
Reach Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) 590 20 595
Associated entities
Australia-Japan Cable Holdings Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 162 10 153
(74) 887 (4) 831