REG - Telstra Corp. Ld - Restatement prior periods product reporting fmwk

TelstraAnnouncement

13/01/2022 07:00

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RNS Number : 2843Y  Telstra Corporation Ld  13 January 2022

 

 

 

 

 13 January 2022

                  Office of the Company Secretary

 The Manager      Level 41

242 Exhibition Street
 RNS
MELBOURNE VIC 3000

AUSTRALIA

                  General Enquiries    03 8647 4838

                  Facsimile 03 9650 0989

                  companysecretary@team.telstra.com (mailto:companysecretary@team.telstra.com)

                  Investor Relations

                  investor.relations@team.telstra.com

ELECTRONIC LODGEMENT

 

Dear Sir or Madam

 

Restatement of prior periods' product reporting framework

 

In accordance with the Listing Rules, I attach an announcement and
accompanying slides (included as a PDF attachment) for release to the market.

 

As foreshadowed at our FY21 results announcement and to align with our T25
strategy, Telstra is changing its product reporting framework. The new
framework includes:

·      More transparency across our infrastructure business with InfraCo
Fixed and Amplitel (InfraCo Towers) on a standalone basis

·      Mobile and Fixed product EBITDA margins after including
intercompany infrastructure costs

 

In order to assist the market when reviewing Telstra's 2022 half-year results
to be released on 17(th) February 2022, a detailed income statement and
summary product EBITDA for the financial years ending 2020 and 2021 are
available from the Telstra Investor site:
www.telstra.com.au/aboutus/investors/financial-information/financial-results
(http://www.telstra.com.au/aboutus/investors/financial-information/financial-results)

 

The figures have been restated for the new product reporting framework. The
restatement relates to product reporting only and does not impact income,
expenses, EBITDA or profit measures at an aggregate Telstra level.

 

We remain committed to all financial ambitions under our previous reporting
framework. At our half-year 2022 results on 17(th) February 2022, we will
update how our previous product specific forward-looking statements translate
into the new reporting framework.

 

A presentation regarding the new product reporting framework is attached.

http://www.rns-pdf.londonstockexchange.com/rns/2843Y_1-2022-1-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2843Y_1-2022-1-12.pdf)

 

Our auditor has performed agreed-upon procedures over the restatement as part
our half-year 2022 financial reporting process.

 

 

Authorised for lodgement by:

 

 

 

 

 

Sue Laver

Company Secretary

 

Telstra Corporation Limited

ACN 051 775 556

ABN 33 051 77

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