Telstra 2012 Annual Report Download - page 39

Full year results and operations review - June 2012
Telstra Corporation Limited and controlled entities
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levels of consumer debt defaults and an improved remediation
of long outstanding debt. General and administration
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FINANCE COSTS
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the prior corresponding period.
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due to a reduction in the volume of average net debt and a
reduction in the average interest cost (from 7.22% to 7.01%).
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a decrease of $24 million relating to capitalised interest.
FINANCIAL POSITION
CAPITAL EXPENDITURE AND CASH FLOW
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and online self-serve channels, and order management for
complex products. We have also increased our investment
in initiatives to prepare us for the transition to NBN including
remediation activities.
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cash receipts of $300 million (net of tax) relating to the
Information Campaign and Migration Deed and $100 million
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increase in our cash used in investing activities. The increase
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from the sale of investments after the sale of Soufun in the
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acquisition of Austar and higher cash capital expenditure.
DEBT POSITION
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an increase of $990 million from 30 June 2011. The increase
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debt maturities.
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a decrease of $318 million from 30 June 2011. The net debt
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of $1,308 million. Our net debt gearing ratio (net debt to
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range for net debt gearing ratio.
STATEMENT OF FINANCIAL POSITION
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public bond issues totalling A$2,250 million (€1,750 million)
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A$252 million (CHF 225 million) maturing in 2018. Some pre-
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acquisition has also resulted in an increase to trade and
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receivables.
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and equipment and intangible assets declined as ongoing
depreciation and retirements exceed the level of additions.
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as a result of a shareholder loan to Foxtel and higher mobile
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from measuring to fair value.
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staff retraining.
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FINANCIAL SETTINGS
Actual Target range
Debt Servicing 1.3x 1.5x to 1.9x
Gearing 53.2% 50% to 70%
Interest cover 10.3x >7x