Telstra 2010 Annual Report Download - page 165

Download and view the complete annual report

Please find page 165 of the 2010 Telstra annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 221

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221

Telstra Corporation Limited and controlled entities
150
Notes to the Financial Statements (continued)
(d) Disposals
Fiscal 2010 disposals
Universal Publishers (UP)
On 9 September 2009, our controlled entity Sensis Pty Ltd sold its
100% shareholding in Universal Publishers Pty Ltd for a total
consideration of $3 million (net of cash balances of the disposed
entity).
The effect of the disposal is detailed below:
On 30 April 2009, our controlled entity Telstra Service Solutions
Holdings sold its 100% shareholding in KAZ Group Pty Limited and
KAZ Technology Services Pty Limited for a total consideration of
$205 million (net of cash balances of the disposed entities), with $8
million of this consideration deferred. This deferred consideration
was received during fiscal 2010.
The cash flow effect on the Telstra Group of these two disposals is
detailed below:
Fiscal 2009 disposals
The following disposals occurred during fiscal 2009:
• On 2 July 2008, our controlled entity Telstra International HK
Limited sold its 100% shareholding in Damovo Hong Kong
Limited for nominal consideration; and
• On 30 April 2009, our controlled entity Telstra Service Solutions
Holdings sold its 100% shareholding in KAZ Group Pty Limited
and KAZ Technology Services Pty Limited for a total
consideration of $205 million (net of cash balances of the
disposed entities).
The cash flow effect on the Telstra Group of these disposals is
detailed below:
(e) Significant financing and investing activities that involve
components of non cash
Acquisition of assets by means of finance leases
The table above represents those assets acquired during the period
which do not impact cash as the acquisition was made via a finance
lease.
20. Notes to the statement of cash flows (continued)
Universal Publishers
2010 2010
$m $m
Consideration for disposal
Cash consideration for disposal . . . 3
Cash balances disposed . . . . . . -
Inflow of cash on disposal . . . . 3
Fair value
Carrying
value
Assets/(liabilities) at disposal date
Cash and cash equivalents . . . . . - -
Trade and other receivables. . . . . 2 2
Property, plant and equipment . . . 1 1
Intangible assets. . . . . . . . . . 3 3
Other assets. . . . . . . . . . . . 8 8
Trade and other payables . . . . . . (2) (2)
Net assets . . . . . . . . . . . . . 12
Loss on disposal . . . . . . . . . (9)
3
Total
disposals
Year ended
30 June
2010
$m
Consideration for disposal
Cash consideration for disposal . . . . . . . 3
Deferred consideration received during the
period for prior year disposals . . . . . . . 8
Inflow of cash on disposal . . . . . . . . 11
Total
disposals
Year ended
30 June
2009
$m
Consideration for disposal
Total consideration on disposal . . . . . . . . . 208
Cash and cash equivalents disposed of . . . . . (3)
205
Total consideration on disposal . . . . . . . . . (8)
Inflow of cash on disposal. . . . . . . . . . 197
Telstra Group
Year ended
30 June
2010 2009
$m $m
Acquisition of property, plant & equipment by
means of finance leases . . . . . . . . . . . 87 24