Telstra 2010 Annual Report Download - page 188

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Telstra Corporation Limited and controlled entities
173
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;
• Telstra Super Pty Ltd.
There are no significant unrecognised profits/losses in these
entities.
(*) FOXTEL includes FOXTEL Partnership, FOXTEL Television
Partnership, Customer Services Pty Limited, FOXTEL Management
Pty Limited and FOXTEL Cable Television Pty Ltd.
A $60 million distribution was received from FOXTEL during the
year (2009: $100 million). This has been recorded as revenue in
the income statement and has decreased our cumulative share of
unrecognised losses in FOXTEL to $152 million after taking into
account our share of FOXTEL’s profit for the year of $80 million and
other adjustments of $8 million.
26. Investments in jointly controlled and associated entities (continued)
Telstra Group
Year ended 30 June
Period Cumulative Period Cumulative
2010 2010 2009 2009
$m $m $m $m
Jointly controlled entities
FOXTEL (*) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12) 152 (68) 164
Reach Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6596 -590
Associated entities
Australia-Japan Cable Holdings Limited . . . . . . . . . . . . . . . (6) 156 5 162
(12) 904 (63) 916