Telstra 2009 Annual Report Download - page 193

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Telstra Corporation Limited and controlled entities
178
Notes to the Financial Statements (continued)
(a) Net defined benefit plan liability / asset - historical summary
Our net defined benefit plan liability / asset recognised in the
statement of financial position for the current and previous periods is
determined as follows:
(b) Reconciliation of net defined benefit liability / asset
24. Post employment benefits (continued)
Telstra Group
As at 30 June
2009 2008 2007 2006 2005
$m $m $m $m $m
Fair value of defined benefit plan assets (c) . . . . . . . . . . . . . . . . . . . . . 2,503 3,205 4,342 4,553 4,518
Present value of the defined benefit obligation (d). . . . . . . . . . . . . . . . . 2,847 3,048 3,646 3,675 4,308
Net defined benefit (liability) / asset before adjustment for contributions tax (344) 157 696 878 210
Adjustment for contributions tax . . . . . . . . . . . . . . . . . . . . . . . . . . . (62) 25 118 151 37
Net defined benefit (liability) / asset at 30 June . . . . . . . . . . . . . . . . . (406) 182 814 1,029 247
Comprises of: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Defined benefit asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8182 814 1,029 247
Defined benefit liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (414) ----
(406) 182 814 1,029 247
Experience adjustments:
Experience adjustments arising on defined benefit plan assets - (loss)/gain . (593) (525) 261 480 155
Experience adjustments arising on defined benefit obligations - gain/(loss) . 72 41 69 (206) (44)
Telstra Entity
As at 30 June
2009 2008 2007 2006 2005
$m $m $m $m $m
Fair value of defined benefit plan assets (c) . . . . . . . . . . . . . . . . . . . . . 2,430 3,127 4,244 4,458 4,439
Present value of the defined benefit obligation (d). . . . . . . . . . . . . . . . . 2,782 2,990 3,578 3,605 4,234
Defined benefit (liability) / asset before adjustment for contributions tax . . (352) 137 666 853 205
Adjustment for contributions tax . . . . . . . . . . . . . . . . . . . . . . . . . . . (62) 24 117 151 37
Defined benefit (liability) / asset at 30 June . . . . . . . . . . . . . . . . . . . . (414) 161 783 1,004 242
Experience adjustments:
Experience adjustments arising on defined benefit plan assets - (loss)/gain . (574) (526) 252 474 152
Experience adjustments arising on defined benefit obligations - gain/(loss) . 74 41 70 (206) (47)
Telstra Group Telstra Entity
As at 30 June As at 30 June
2009 2008 2009 2008
$m $m $m $m
Net defined benefit asset at beginning of period . . . . . . . . . . . . . . . . . . . . 182 814 161 783
Defined benefit expense - recognised in the income statement (e). . . . . . . . . . . . (132) (198) (132) (197)
Actuarial (loss)/gain - recognised directly in equity (e) . . . . . . . . . . . . . . . . . . (553) (434) (540) (425)
Employer cash contributions - defined benefit divisions . . . . . . . . . . . . . . . . . 99 197 -
Foreign exchange differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) (1) --
Net defined benefit (liability)/asset at end of period . . . . . . . . . . . . . . . . . . (406) 182 (414) 161