Telstra 2011 Annual Report Download - page 200

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Telstra Corporation Limited and controlled entities
185
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; and
• 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 $70 million distribution was received from FOXTEL during the
year (2010: $60 million). This has been recorded as revenue in the
income statement and has decreased our cumulative share of
unrecognised losses in FOXTEL to $132 million after taking into
account Telstra’s share of FOXTEL’s profit for the year of $100
million and other adjustments of $10 million.
26. Investments in jointly controlled and associated entities (continued)
Telstra Group
Year ended 30 June
Period Cumulative Period Cumulative
2011 2011 2010 2010
$m $m $m $m
Jointly controlled entities
FOXTEL (*) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (20) 132 (12) 152
Reach Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (37) 559 6 596
Associated entities
Australia-Japan Cable Holdings Limited . . . . . . . . . . . . . . . (8) 148 (6) 156
(65) 839 (12) 904