Telstra 2014 Annual Report Download - page 159

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NOTES TO THE
FINANCIAL STATEMENTS
(Continued)
Financial Report
Telstra Corporation Limited and controlled entities
Telstra Annual Report 157
(e) Categories of plan assets
The weighted average asset allocation as a percentage of the fair
value of total plan assets for defined benefit divisions as at 30
June is as follows:
(*) These assets have quoted prices in active markets.
Telstra Super’s investments in debt and equity instruments
include bonds issued by, and shares in, Telstra Corporation
Limited. Refer to note 29 for further details.
(f) Principal actuarial assumptions
We used the following major annual assumptions to determine our
defined benefit obligations for the year ended 30 June:
24. POST EMPLOYMENT BENEFITS (CONTINUED)
Telstra Super
CSL Retirement
Scheme
As at 30 June As at 30 June
2014 2013 2014 2013
%%%%
Asset allocations
Equity instruments
Australian equity (*)............................................................................................... 14 13 n/a -
International equity (*) .......................................................................................... 15 33 n/a 53
Private equity.......................................................................................................... 87n/a -
Debt instruments
Fixed Interest (*)..................................................................................................... 36 2n/a -
Bonds (*) ................................................................................................................. --n/a 43
Property .......................................................................................................................... 17n/a -
Cash (*) ........................................................................................................................... 19 28 n/a 3
Infrastructure................................................................................................................. -1n/a -
International hedge funds............................................................................................. 56n/a -
Opportunities (*) ............................................................................................................ 23n/a 1
100 100 n/a 100
Telstra Super
CSL Retirement
Scheme
Year ended 30 June Year ended 30 June
2014 2013 2014 2013
%%%%
Discount rate (i)............................................................................................................. 3.7 4.2 n/a 2.1
Expected rate of increase in future salaries (ii).......................................................... 3.5 3.5 n/a 4.0 - 6.0