Telstra 2010 Annual Report Download - page 138

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Telstra Corporation Limited and controlled entities
123
Notes to the Financial Statements (continued)
(a) Capital management (continued)
Gearing and net debt (continued)
We are not subject to any externally imposed capital requirements.
(i) Offshore loans
Offshore loans comprise debt raised overseas. The carrying
amounts of offshore loans are denominated in the following
currencies.
(ii) Telstra bonds and domestic loans
Telstra bonds currently on issue relate to wholesale investors and
mature up until the year 2020. During fiscal 2010 nil (2009: nil)
Telstra bonds matured. During fiscal 2010 one domestic loan was
entered into for $148 million with a term of 10 years (2009: two
bank loans were entered into totalling $1,279 million with terms of
2 to 3 years). During fiscal 2010, domestic loan repayments
totalled $1,350 million (2009: $500 million).
17. Capital management and financial instruments (continued)
TABLE B Telstra Group
As at 30 June
2010 2009
$m $m
Australian dollar . . . . . . . . . . . 249 517
Euro . . . . . . . . . . . . . . . . 7,064 8,022
United States dollar . . . . . . . . . 1,697 1,777
British pound sterling . . . . . . . . 352 408
Japanese yen . . . . . . . . . . . . 610 585
New Zealand dollar . . . . . . . . . 286 202
Swiss francs . . . . . . . . . . . . . 613 638
Hong Kong dollar . . . . . . . . . . 49 -
10,920 12,149