Telstra 2015 Annual Report Download - page 121
Download and view the complete annual report
Please find page 121 of the 2015 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.-
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
 |
 |
Telstra Corporation Limited and controlled entities 119
Notes to the Financial Statements (continued)
NOTE 17. CAPITAL MANAGEMENT AND FINANCIAL INSTRUMENTS (continued)
_Telstra Financial Report 2015
17.2 Financial instruments (continued)
(c) Valuation and disclosure within fair value hierarchy
(continued)
(iv) Contingent consideration payable
Trade and other payables as shown in the statement of financial
position include contingent consideration liabilities arising on a
number of business combinations and related to additional
consideration payable for acquisitions of our controlled entities if
certain future conditions are met. Amounts classified as a
financial liability are recognised at fair value at the date of
acquisition and subsequently remeasured to fair value, with
changes in fair value recognised in profit or loss.
(a) During the year we acquired the following controlled entities
where total consideration included a contingent consideration
amount:
• Videoplaza AB and its controlled entities
• Nativ Holdings Limited
• Other individually immaterial entities.
Refer to note 20 for further details.
On initial recognition the fair value of contingent consideration
was estimated based on our expectations of future performance
of the businesses. Subsequent measurement is based on the
present value of the future expected cash flows.
(d) Net debt and gearing
The carrying amounts, fair values and face values of each category
of our financial instruments are shown in Table E. For foreign
denominated balances face value equates to the face value in the
underlying currency converted at the spot exchange rate as at 30
June. Face value represents contractual obligations excluding the
effect of fair value measurements. Fair values are provided for
each category of financial instruments including those not
recognised at fair value for accounting purposes.
Table D
Contingent
consideration
Level 3
$m
Opening balance 1 July 2013 -
Additions 10
Closing balance 30 June 2014 10
Additions (a) 24
Remeasurement recognised in the income
statement (2)
Amounts used (8)
Closing balance 30 June 2015 24