Telstra 2016 Annual Report Download - page 166

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164
This table has been subject to review by our auditors.
Note:
There are a number of factors that have impacted our results this year. In the table above, we have adjusted the results for:
1. Mergers & Acquisitions:
Adjustments relating to acquisition of controlled entities and businesses. This includes the acquisition of the controlled entities, Readify Limited, The Silver Lining Consulting
Group Pty Ltd (Kloud Solutions (National) Pty Ltd and its controlled entities), Health IQ Pty Ltd and the acquisition of the EOS Technologies business. Joint Ventures/Associates
includes the acquisition by Autohome of associates Shanghai You Che You Jia Financial Leasing Co Ltd and Hunan Mango Autohome Automobile Sales Co Ltd. During the
year we disposed of our controlled entity Pacnet Internet (Thailand) Ltd, and also disposed of our shareholdings in other investments including Elemental Technologies Inc,
Elastica Inc, Box Inc and Nexmo Inc. We also disposed of our ISP businesses held by the controlled entities Pacnet Internet (Singapore) Ltd and Pacnet internet (HK) Ltd.
2. Fixed Services Final Access Determination (FAD) adjustments:
Adjustments for ACCC FAD pricing for xed services which became effective on 1 November 2015.
Reported
Full year ended 30 June M&A:
Controlled
Entities &
Businessi
M&A: JVs/
Associates1
M&A: Other
Investments1
M&A:
Disposals
excluding
Autohome1
2016 2015 Growth
$m $m % $m $m $m $m
Sales revenue 25,834 25,350 1.9% (14) 0 0 0
Total revenue 25,911 25,528 1.5% (14) 0 0 0
Total income (excl. nance income) 27,050 26,112 3.6% (14) 0 0 0
Labour 5,041 4,782 5.4% (14) 0 0 0
Goods and services purchased 7,247 6,845 5.9% (1) 0 0 0
Other expenses 4,312 3,971 8.6% (1) 0 0 0
Operating expenses 16,600 15,598 6.4% (16) 0 0 0
Share of net prot/(loss) from joint ventures
and associated entities 15 19 (21.1%) 0 0 0 0
EBITDA 10,465 10,533 (0.6%) 2 0 0 0
Depreciation and amortisation 4,155 3,974 4.6% (1) 0 0 0
EBIT 6,310 6,559 (3.8%) 3 0 0 0
Net nance costs 710 699 1.6% 0 0 0 0
Prot before income tax expense 5,600 5,860 (4.4%) 3 0 0 0
Income tax expense 1,768 1,746 1.3% 1 0 0 0
Prot for the year 3,832 4,114 (6.9%) 2 0 0 0
Prot/(loss) for the year from
discontinued operations 2,017 191 956.0% 0 0 0 0
Prot for the year from continuing
and discontinued operations 5,849 4,305 35.9% 2 0 0 0
Attributable to:
Equity holders of Telstra Entity 5,780 4,231 36.6% 2 0 0 0
Non controlling interests 69 74 (6.8%) 0 0 0 0
Free cashow 5,926 2,619 126.3% 94 38 67 (73)
Guidance versus reported results
This schedule details the adjustments made to the reported results for the current year to reect
the performance of the business on the basis which we provided guidance to the market.
Our guidance assumed wholesale product price stability from the beginning of the nancial year and
no impairments to investments, and excluded any proceeds on the sale of businesses, mergers and
acquisitions and purchase of spectrum. Capex to sales guidance excluded externally funded capex.