Telstra 2010 Annual Report Download - page 6

Download and view the complete annual report

Please find page 6 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

'HDU6KDUHKROGHUV
ZDVRQHRIWKHPRVWVLJQL¿FDQW\HDUVLQ\RXU
company’s history as we progressed discussions on the
National Broadband Network, and we are grateful for your
support over this period.
:HDUHDWWDFKLQJGHWDLOVRIRXUODWHVWIXOO\HDU¿QDQFLDO
results and we would like to give you an understanding of
how the business has performed over the last year. You
ZLOODOVR¿QGRXWDERXWVRPHRIWKHLPSRUWDQWZRUNZHGR
in terms of being a good corporate citizen as well as some
stories from our key business units within the company.
)LQDQFLDO+LJKOLJKWV
'HVSLWHWKHFKDOOHQJLQJPDUNHWFRQGLWLRQVWKHFRPSDQ\
IDFHGODVW¿QDQFLDO\HDU7HOVWUDPHWLWVEXVLQHVV
performance guidance issued in February 2010 and
maintained its fully-franked dividend for the year of 28
cents per share. We also saw improving momentum in the
business in the second half of the year.
,Q¿QDQFLDO\HDUVDOHVUHYHQXHGHFOLQHGWR
PLOOLRQ2SHUDWLQJ([SHQVHVEHIRUH'HSUHFLDWLRQ
DQG$PRUWLVDWLRQGHFOLQHGE\PLOOLRQRUWR
$14,184 million as the company increasingly focused on
FRVWFRQWURODQGSURGXFWLYLW\,PSRUWDQWO\ZHH[FHHGHG
RXUJXLGDQFHRQIUHHFDVKÀRZZLWKDVLJQL¿FDQWLQFUHDVH
RIIURPWKH¿QDQFLDO\HDUWRPLOOLRQ
At a product level, we have continued to see growth
LQPRELOHVDQG,3SURGXFWVSDUWLDOO\RIIVHWWKHGHFOLQHV
LQRXUWUDGLWLRQDO¿[HGOLQHUHYHQXH0RELOHVHUYLFHV
UHYHQXHJUHZWRPLOOLRQZKLFKLQFOXGHGDQ
DFFHOHUDWHGJURZWKRILQWKHVHFRQGKDOIDJDLQ
evidence of the value of our network investments. While
¿[HGLQWHUQHWUHYHQXHGHFOLQHGE\WKLV\HDUZH
DGGHG¿[HGEURDGEDQGFXVWRPHUVLQWKHVHFRQG
half of the year following the introduction of new bundles
and broadband pricing which turned around customer loss
LQWKH¿UVWKDOI
Strategy
Telstra’s greatest asset is our customer base, and our
strategy is centred around satisfying those customers.
Telstra has lost customers over the past year and in
response to the erosion of our customer base we saw two
strategic options.
www.telstra.com iii
&+$,50$1&(20(66$*(
Catherine Livingstone AO
'DYLG7KRGH\
Chairman
&KLHI([HFXWLYH2I¿FHU
675$7(*<
:HZLOOEHIRFXVHGRQ
IRXUNH\LQLWLDWLYHV
1. Continue to improve
FXVWRPHUVDWLVIDFWLRQ
6LPSOLI\RXUEXVLQHVV
WRUHGXFHFRVWV
&RPSHWHWRUHWDLQDQG
acquire customers
leveraging our
QHWZRUNOHDGHUVKLS
DQG
,QYHVWLQORQJWHUP
growth.