Telstra 2009 Annual Report Download - page 211

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Telstra Corporation Limited and controlled entities
196
Notes to the Financial Statements (continued)
(h) 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 $100 million distribution was received from FOXTEL during the year
(2008: $130 million). This has been recorded as revenue in the income
statement and has increased our cumulative share of unrecognised
losses in FOXTEL to $164 million after taking into account our share of
FOXTEL’s profit for the year of $68 million and other adjustments of $3
million.
26. Investments in jointly controlled and associated entities (continued)
Telstra Group
Year ended 30 June
Period Cumulative Period Cumulative
2009 2009 2008 2008
$m $m $m $m
Jointly controlled entities
FOXTEL (*) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (68) 164 (78) 135
Reach Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - 590 (5) 590
Associated entities
Australia-Japan Cable Holdings Limited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 167 9162
(63) 921 (74) 887