Telstra 2014 Annual Report Download - page 150
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NOTES TO THE
FINANCIAL STATEMENTS
(Continued)
Telstra Corporation Limited and controlled entities
148 Telstra Annual Report
(d) Disposals (continued)
Prior year
TelstraClear
On 31 October 2012, our controlled entity Telstra New Zealand
Holdings Limited sold its 100 per cent shareholding in
TelstraClear Limited and its controlled entity (TelstraClear). The
effect of the disposal is detailed below:
20. NOTES TO THE STATEMENT OF CASH FLOWS (CONTINUED)
TelstraClear
Year ended
30 June 2013
$m
Consideration on disposal
Cash consideration on disposal ............................. 680
Cash and cash equivalents disposed..................... (11)
Total inflow of cash on disposal............................ 669
Assets/(liabilities) at disposal date
Assets classified as held for sale (including cash
disposed) .................................................................. 772
Liabilities classified as held for sale...................... (98)
Net assets classified as held for sale .................... 674
Foreign currency translation reserve disposed
(net of income tax) ................................................... 130
Other adjustments................................................... 3
Loss on disposal...................................................... (127)