Ann: AASB 15 & AASB 9 - Provisional Accounts restatement, page-5

Meh, announcement on some accounting rule change.  Seriously they should have jsut released it as a PDF. Shareholder like Benson would benefit more from it.  There are other pages, but I'm too lazy to copy all of them. 

ELECTRONIC LODGEMENTDear Sir or MadamProvisional restatement of prior periods' income statement, statement of financial positionand associated KPIs as a result of the adoption of AASB 15 and AASB 9In order to assist the market when reviewing Telstra’s 2019 half-year results to be released on 14February 2019, a provisional detailed income statement and associated KPIs for the half-year ended31 December 2017, half-year ended 30 June 2018 and full year ended June 2018, as well as aprovisional statement of financial position as at 31 December 2017 and 1 July 2018 is available at theTelstra Investor site.www.telstra.com.au/aboutus/investors/financial-information/financial-resultsThe figures have been restated for the adoption of AASB15 Revenue from contracts with customersand AASB 9 Financial instruments. The information is provisional as it is subject to the finalisation ofour half-year 2019 financial information. The restated statement of financial position as at 1 July 2018and the restated income statement for the half-year ended 31 December 2017 and the financial year2018 are also still subject to auditor review.For details of the key accounting differences resulting from the implementation of these newstandards, refer to note 7 to the financial statements in the 2018 annualreport. www.telstra.com.au/aboutus/investors/financial-information/reportsPlease also note, following feedback from the market, and to better align with the way we manage thebusiness, we have revised our fixed portfolio revenue disclosures to improve transparency as we

Statement of Financial Position
		As at
		1 Jul 18 (i)	31 Dec 17
		Restated	Restated
		$M	$M
Current assets
Cash and cash equivalents		629	587
Trade and other receivables and contract assets		5,500	6,097
Inventories		492	670
Deferred contract costs		69	115
Derivative financial assets		75	53
Current tax receivables		6	11
Prepayments		431	409
Total current assets		7,202	7,942
Non-current assets
Trade and other receivables and contract assets		729	698
Inventories		19	30
Investments - accounted for using the equity method		1,237	648
Investments - other		36	275
Property, plant and equipment		22,108	21,668
Intangible assets		7,922	7,907
Deferred contract costs		1,180	1,101
Derivative financial assets		1,897	1,644
Deferred tax assets		54	53
Defined benefit asset		250	112
Total non-current assets		35,432	34,136
Total assets		42,634	42,078
Current liabilities
Trade and other payables		4,528	3,870
Employee benefits		868	860
Other provisions		89	101
Borrowings and derivative financial liabilities		1,636	2,841
Current tax payables		132	146
Contract liabilities and other revenue received in advance		1,532	1,493
Total current liabilities		8,785	9,311
Non-current liabilities
Other payables		65	66
Employee benefits		157	159
Other provisions		168	163
Borrowings and derivative financial liabilities		15,704	15,271
Deferred tax liabilities		1,511	1,543
Defined benefit liabilities		7	6
Contract liabilities and other revenue received in advance		1,681	1,606
Total non-current liabilities		19,293	18,814
Total liabilities		28,078	28,125
Net assets		14,556	13,953
Equity
Share capital		4,428	4,422
Reserves		(131)	(137)
Retained profits		10,272	9,667
Equity available to Telstra Entity shareholders		14,569	13,952
Non-controlling interests		(13)	1
Total equity		14,556	13,953
Gross debt		15,368	16,413
Net debt		14,739	15,828
EBITDA interest cover (times) (ii)		14.0	14.2
Net debt to EBITDA		1.4	1.6
ROA - Return on average assets		13.8%	14.0%
ROE - Return on average equity		25.0%	24.4%
ROI - Return on average investment		19.5%	19.4%
ROIC - Return on invested capital		13.5%	12.7%
Gearing ratio (net debt to capitalisation)		50.3%	53.1%
(i) Opening balance of 1 July 2018 used versus 30 June 2018 due to AASB 9 restatements going through opening balances only
(ii) EBITDA interest cover equals EBITDA to net interest.