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Telstra Corporation Limited and controlled entities

190

Notes to the Financial Statements (continued)

(b) Liquidations and deregistrations

The following companies were liquidated or deregistered during fiscal

2009:

• Bestclass Holdings Ltd;

• Telstra New Wave Pty Ltd;

• Hypertokens Pty Ltd;

• Data & Text Mining Technologies Pty Ltd;

• Telstra Payment Solutions Pty Limited;

• Telstra Visa Card Trust;

• Qantas Telstra Card Trust;

• Telstra Visa Business Card Trust;

• Sytec Resources (Australia) Pty Ltd;

• DMZ Global (Australia) Pty Ltd; and

• Enhanced Processing Technologies Inc.

The following companies have applied to the ASIC for deregistration

during fiscal 2009:

• Telstra Corporate Services Pty Limited;

• Collectormania Australia Pty Ltd;

• Communications Network Holdings Pty Ltd;

• Converged Networks Pty Ltd;

• Advanced Digital Communications (WA) Pty Ltd;

• Western Communication Solutions Pty Ltd; and

• Telstra Rewards Pty Ltd (deregistered on 1 July 2009).

At 30 June 2009, the following companies were in voluntary

liquidation:

• NDC Telecommunications India Private Limited; and

• PT NDC Indonesia.

The following companies have balance dates that differ from our

balance date of 30 June for fiscal 2009:

• Telecom Australia (Saudi) Company Limited - 31 December;

• Beijing Australia Telecommunications Technical Consulting

Services Company Limited - 31 December;

• Telstra India (Private) Limited - 31 March;

• NDC Telecommunications India Private Limited - 31 March;

• SouFun Holdings Limited and its controlled entities - 31 December;

• Sequel Limited and its controlled entities - 31 December;

• Telstra Sensis (Beijing) Co Limited - 31 December;

• Telstra Asia Holdings Limited and its controlled entities - 31

December;

• Reach Holdings Limited - 31 December;

• Reach Network India Private Limited - 31 March; and

• Reach Data Services India Private Limited - 31 March.

Financial reports prepared as at 30 June are used for consolidation

purposes.

(d) Controlled entities in which our equity ownership is less than or

equal to 50%

• We have no direct equity interest in the following entities within

the SouFun Group:

• Beijing Jia Tian Xia Advertising Co. Ltd;

• Beijing SouFun Internet Information Service Co. Ltd;

• Beijing SouFun Science and Technology Development Co. Ltd;

• Beijing China Index Information Co. Ltd;

• Shanghai Jia Biao Tang Advertising Co. Ltd;

• Shanghai SouFun Advertising Co. Ltd;

• Beijing Century Jia Tian Xia Technology Development Co. Ltd;

• Shanghai China Index Consultancy Co. Ltd; and

• Tianjin Jia Tian Xia Advertising Co. Ltd.

The purpose of these entities is to hold the licenses and approvals

required to operate SouFun Holdings Limited’s internet content

provision and advertising business respectively. SouFun Holdings

Limited has the decision-making powers to control these entities.

SouFun Holdings Limited is one of our controlled entities and

therefore we have consolidated the financial results, position and

cash flows of these entities into our group financial report.

• We have no direct equity interest in the following entities within

the Sequel Group:

• Beijing Haochen Domain Information Technology Co. Ltd;

• Lianhe Shangqing (Beijing) Advertisement Co. Ltd;

• Beijing Autohome Information Technology Co. Ltd;

• Beijing POP Information Technology Co. Ltd;

• Shijiazhuang Xinfeng Advertising Co. Ltd; and

• Shijiazhuang Xinrong Advertising Co. Ltd.

In addition, our controlled entity Union Tough Advertisement

Limited has a 30% direct interest in Haocheng Shidai (Beijing)

Advertisement Co. Ltd.

The purpose of these entities is to hold the licenses and approvals

required to operate Sequel Limited’s internet content provision

and advertising business respectively. Sequel Limited has the

decision-making powers to control these entities. Sequel Limited is

one of our controlled entities and therefore we have consolidated

the financial results, position and cash flows of these entities into

our group financial report.

25. Investments in controlled entities (continued)