Telstra 2010 Annual Report Download - page 128
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Telstra Corporation Limited and controlled entities
113
Notes to the Financial Statements (continued)
On 1 December 2009, the shareholders of SouFun decided to
commence a process to prepare SouFun for an offer of the shares
in that company to the public. At that time, we announced that we
intend to sell down our shareholding as part of the process. As at
30 June 2010, we are underway in preparing SouFun for a public
offering and we intend to sell down our shareholding in fiscal 2011.
SouFun is included in the Sensis reportable segment in our
segment information disclosures in note 5.
In accordance with AASB 5: “Non-current Assets Held for Sale and
Discontinued Operations”, the carrying value of assets and
liabilities of SouFun have been classified as held for sale as follows:
12. Non current assets held for sale
Telstra Group
As at 30 June
2010 2009
$m $m
Current assets
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 169 -
Trade and other receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 -
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Current tax receivables. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-
Prepayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2-
Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 225 -
Non current assets
Property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 7-
Intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 347 -
Total non current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 354 -
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 579 -
Current liabilities
Trade and other payables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 -
Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1-
Current tax liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 -
Revenue received in advance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 -
Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84 -
Non current liabilities
Deferred tax liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-
Total non current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5-
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89 -
Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 490 -