REG - Telstra Corp. Ld - AASB15 & AASB9 - Provisional Accounts Restatement

TelstraAnnouncement

31/01/2019 07:00

RNS Number : 6069O
Telstra Corporation Ld
30 January 2019
 






 
31 January 2019
 
 
The Manager
 
RNS


 
Office of the Company Secretary
 
Level 41

242 Exhibition Street

MELBOURNE VIC 3000

AUSTRALIA
 
General Enquiries    +613 8647 4838
Facsimile +613 8600 9800 
 




 
ELECTRONIC LODGEMENT
 
 Dear Sir or Madam
 
Provisional restatement of prior periods' income statement,  statement of financial position and associated KPIs as a result of the adoption of AASB 15 and AASB 9
 
In order to assist the market when reviewing Telstra's 2019 half-year results to be released on 14 February 2019, a provisional detailed income statement and associated KPIs for the half-year ended 31 December 2017, half-year ended 30 June 2018 and full year ended June 2018, as well as a provisional statement of financial position as at 31 December 2017 and 1 July 2018 is available at the Telstra Investor site.
www.telstra.com.au/aboutus/investors/financial-information/financial-results
 
The figures have been restated for the adoption of AASB15 Revenue from contracts with customers and AASB 9 Financial instruments. The information is provisional as it is subject to the finalisation of our half-year 2019 financial information. The restated statement of financial position as at 1 July 2018 and the restated income statement for the half-year ended 31 December 2017 and the financial year 2018 are also still subject to auditor review.
 
For details of the key accounting differences resulting from the implementation of these new standards, refer to note 7 to the financial statements in the 2018 annual report.  www.telstra.com.au/aboutus/investors/financial-information/reports
 
Please also note, following feedback from the market, and to better align with the way we manage the business, we have revised our fixed portfolio revenue disclosures to improve transparency as we migrate to nbn.
 
Yours faithfully
  
Sue Laver
Company Secretary
 




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