Telstra 2015 Annual Report Download - page 153

Download and view the complete annual report

Please find page 153 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.

Page out of 191

  • 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 151
Notes to the Financial Statements (continued)
NOTE 25. INVESTMENTS IN CONTROLLED ENTITIES (continued)
_Telstra Financial Report 2015
*We have not disclosed dormant entities.
(a) ASIC deed of cross guarantee financial information
A deed of cross guarantee, as defined in ASIC Class Order 98/1418
(Class Order), was entered into on 17 May 2010.
The following entities form part of the deed of cross guarantee:
• Telstra Corporation Limited
• Telstra Multimedia Pty Ltd
• Telstra International (Aus) Limited
• Telstra Pay TV Pty Ltd
• Telstra Ventures Pty Ltd
• Telstra iVision Pty Ltd
• Telstra Communications Limited
• Telstra Holdings Pty Ltd
• Network Design and Construction Limited
• Telstra Services Solutions Holdings Limited
• NSC Group Pty Ltd
• NSC Enterprise Solutions Pty Ltd
• DCA eHealth Solutions Pty Ltd
• DCA Direct Health Pty Ltd
• Kelzone Pty Ltd
• Goodwin Enterprises (Vic) Pty Ltd
• Prentice Management Consulting Pty Ltd
• O2 Networks Pty Ltd.
The following entities were added via an assumption deed on 22
June 2015:
• Telstra Plus Pty Ltd
• Bridge Point Communications Pty Ltd.
Telstra Finance Limited is trustee of the closed group. However, it
is not a group entity under the deed.
The relevant group entities under the deed:
• form a closed group and extended closed group as defined in the
ASIC Class Order 98/1418 (Class Order)
• do not have to prepare and lodge audited financial reports under
the Corporations Act 2001
• guarantee the payment in full of the debts of the other parties to
the deed in the event of their winding up.
• Nativ Holdings Limited (c) (f) United Kingdom --100.0 -
• Nativ Limited (c) (f) United Kingdom --100.0 -
• Nativ Systems Limited (c) (f) United Kingdom --100.0 -
• Aunia Publicidad Interactiva SLU (Spain) (c) (f) Spain --100.0 -
• muru-D Pty Ltd (h) Australia -3100.0 -
Investment in controlled entities 12,791 11,916
Allowance for impairment in value (8,579) (7,635)
Total Investment in controlled entities 4,212 4,281
Telstra Group
Telstra Entity’s
recorded amount
of investment ($)
% of equity held by
immediate parent
As at 30 June As at 30 June
2015 2014 2015 2014
Name of entity
Country of
incorporation $m $m %%
25.1 List of our investments in controlled entities (continued)