Telstra 2010 Annual Report Download - page 161
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Telstra Corporation Limited and controlled entities
146
Notes to the Financial Statements (continued)
(i) During the year $83 million (2009: nil) was contributed as a
non-repayable loan to Growthshare by Telstra Corporation Limited.
Contributed equity
Our contributed equity represents our authorised and issued fully
paid ordinary shares. Each of our fully paid ordinary shares carries
the right to one vote at a meeting of the company. Holders of our
shares also have the right to receive dividends and to participate in
the proceeds from sale of all surplus assets in proportion to the
total shares issued in the event of the company winding up.
We have 12,443,074,357 (30 June 2009: 12,443,074,357)
authorised fully paid ordinary shares on issue.
Share loan to employees
The share loan to employees account represents the outstanding
balance of the non recourse loans provided to our employees under
the Telstra Employee Share Ownership Plan Trusts (TESOP 97 and
TESOP 99). Refer to note 27 for further details regarding these
plans.
Shares held by employee share plan trusts
The shares held by employee share plan trusts account represents
the cost of shares held by the Telstra Growthshare Trust
(Growthshare) in Telstra Corporation Limited. The purchase of
these shares has been fully funded with contributions and
intercompany loans from Telstra Corporation Limited. As at 30
June 2010 the number of shares totalled 33,005,592 (2009:
33,466,467). These shares are excluded from the calculation of
basic and diluted earnings per share. Refer to note 3 for further
details.
Net services received under employee share plans
The net services received under the employee share plans account
is used to record the cumulative value of our options, performance
rights, restricted shares, incentive shares, direct shares and
ownshares issued under Growthshare. Contributions by Telstra
Corporation Limited to Growthshare are also included in this
account.
19. Share capital
Telstra Group
As at 30 June
2010 2009
$m $m
Contributed equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,793 5,793
Share loan to employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (77) (87)
Shares held by employee share plans (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (80) (165)
Net services received under employee share plans (i) . . . . . . . . . . . . . . . . . . . . . . . . (46) 35
5,590 5,576