TELSTRA GROUP LIMITED (ASX:TLS) - Ann: AASB 15 & AASB 9 - Provisional Accounts restatement, page-18 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by ash007: ↑
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.

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Hi Ash and also again and I must include my mate B----n.
First of all something we need to look at I can only get Commsec company share charts with Firefox but when I need to send a message to you all it gives me soooo many seconds to respond. The message that follows is a copy from this site. All beware and make sure of the internet.
----------------------------------------------------------------------------------------------------------------------------------------------------
I agree after spending 40 plus years in the mechanicalservices design and construction and reading specification’s most of the time,they are a guide line and as I have said before to Bens---n my adviser; keep itsimple. Telstra more or likely has to cover their back sides and bring thesehighly educated people to baffle us all.
A simple PDF would suitable for 99%. Of us ERRRRRRR.
I forgot, I just let you lot know what a Di—H—d I am. Please don.t ask me to explain!
We can’t all be brainy like some who I have mentioned.
Keep up the good work because like the specification I watchthe market and read what you have to say, then I make my judgement.
Buy at the moment then think about the future if you are a long timer like me

No.	Vol.	Price($)
2	285738	$3.88

No.

Vol.

Price($)

285738

$3.88

Price($)	Vol.	No.
$3.89	133931	11

Price($)

Vol.

No.

$3.89

133931

No.	Vol.	Price($)
9	444562	3.310
33	2195109	3.300
32	2624483	3.290
25	449073	3.280
15	239418	3.270

No.

Vol.

Price($)

444562

3.310

2195109

3.300

2624483

3.290

449073

3.280

239418

3.270

Price($)	Vol.	No.
3.320	615667	9
3.330	2958318	59
3.340	1762379	73
3.350	2779599	159
3.360	300605	39

Price($)

Vol.

No.

3.320

615667

3.330

2958318

3.340

1762379

3.350

2779599

159

3.360

300605

(20min delay)
Last $3.89		Change 0.040(1.04%)		Mkt cap ! $46.33B

Open	High	Low	Value	Volume
$3.86	$3.90	$3.85	$66.87M	17.23M

Ann: AASB 15 & AASB 9 - Provisional Accounts restatement, page-18

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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.

Ann: AASB 15 & AASB 9 - Provisional Accounts restatement, page-18

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