Telstra 2009 Annual Report Download - page 204

Telstra Corporation Limited and controlled entities
189
Notes to the Financial Statements (continued)
(a) ASIC deed of cross guarantee financial information (continued)
25. Investments in controlled entities (continued)
Closed group income statement and retained profits reconciliation Closed group
Year ended 30 June
2009 2008
$m $m
Income
Revenue (excluding finance income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23,384 22,987
Other income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104 173
23,488 23,160
Expenses
Labour . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,803 3,891
Goods and services purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,333 4,300
Other expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,066 4,986
13,202 13,177
Share of net (profit)/loss from jointly controlled and associated entities . . . . . . . . . . . . . . . . . . . . . . . . . (3) 1
13,199 13,178
Earnings before interest, income tax expense, depreciation and amortisation (EBITDA) . . . . . . . . . . . . . . . 10,289 9,982
Depreciation and amortisation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,832 3,745
Earnings before interest and income tax expense (EBIT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,457 6,237
Finance income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124 123
Finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 953 1,152
Net finance costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 829 1,029
Profit before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,628 5,208
Income tax expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,549 1,461
Profit for the year available to the closed group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,079 3,747
Retained profits at the beginning of the financial year available to the closed group . . . . . . . . . . . . . . . . . 6,762 6,819
Actuarial loss on defined benefit plans (net of tax effect) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (377) (298)
Effect on retained profits from removal of entities from the closed group . . . . . . . . . . . . . . . . . . . . . . . . 56 (30)
Total available for distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,520 10,238
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3,474) (3,476)
Retained profits at the end of the financial year available to the closed group . . . . . . . . . . . . . . . . . . . 7,046 6,762