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Income Statement, Statement of Changes in Equityand Balance Sheet: Show the connections between the threestatements via the Retained Earnings (Accumulated losses). Statement of Comprehensive Income

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Income Statement, Statement of Changes in Equityand Balance Sheet: Show the connections between the threestatements via the Retained Earnings (Accumulated losses).

Statement of Comprehensive Income For the year ended 30 June 2019 Telstra Group Year ended 30 June 2019 2018 Restated $m $m Note Profit/(loss) for the year attributable to: Equity holders of Telstra Entity Non-controlling interests 2,154 (5) 2,149 3,591 (34) 3,557 5.3 112 (10) 3 (34) items that will not be reclassified to the income statement Retained profits Actuarial (loss)/gain on defined benefit plans attributable to equity holders of Telstra Entity Income tax on actuarial (Loss)/gain on defined benefit plans Fair value of equity instruments reserve Gain/(Loss) from investments in equity instruments designated at fair value through other comprehensive income Share of other comprehensive income of equity accounted entities Income tax on fair value movements for investments in equity instruments Foreign currency translation reserve Translation differences of foreign operations attributable to non-controlling interests 3 (16) 66 29 (22 2 (3) 40 90 39 48 4 4.3 Items that may be subsequently reclassified to the income statement Foreign currency translation reserve Translation differences of foreign operations attributable to equity holders of Telstra Entity Share of foreign currency translation reserve of equity accounted entities Cash flow hedging reserve Movements in cash flow hedging reserve Income tax on movements in the cash flow hedging reserve Foreign currency basis spread reserve Changes in the value of the foreign currency basis spread Income tax on movements in the foreign currency basis spread reserve 3 (97) 29 (22) 7 (31) 9 (38) 52 26 66 2,215 3,609 Total other comprehensive income Total comprehensive income for the year Total comprehensive income attributable to: Equity holders of Telstra Entity Non-controlling interest 2,220 3,646 (5) (37) Telstra Financial Report 20 Statement of Financial Position As at 30 June 2019 Telstra Group 30 June 2019 As at 30 June 2018 Restated $m 1 July 2017 Restated $n Note $m m 629 2.6 3.3 3.8 3.4 604 5,392 95 5,588 938 6.090 106 469 69 448 492 4.3 75 6 21 11 179 7 7 457 121 7,303 431 412 3.1 7,290 8,047 780 971 997 3.3 3.8 3.4 6.2 1,232 35 29 194 4.4 730 1,180 19 1,237 36 22,108 7.922 1,897 54 3.1 3.2 4.3 1,298 25 22.332 7.210 2,083 59 232 35,286 42,589 2.4 292 21,350 8,317 1.623 44 142 33,959 42,006 Current assets Cash and cash equivalents Trade and other receivables and contract assets Deferred contract costs Inventories Derivative financial assets Current tax receivables Prepayments Assets classified as held for sale Total current assets Non-current assets Trade and other receivables and contract assets Deferred contract costs Inventories Investments - accounted for using the equity method Investments - other - Property, plant and equipment Intangible assets Derivative financial assets Deferred tax assets Defined benefit asset Total non-current assets Total assets Current liabilities Trade and other payables Employee benefits Other provisions Borrowings Derivative financial liabilities Current tax payables Contract liabilities and other revenue received in advance Liabilities classified as held for sale Total current liabilities Non-current liabilities Other payables Employee benefits Other provisions Borrowings Derivative financial liabilities Deferred tax liabilities Defined benefit liability Contract liabilities and other revenue received in advance Total non-current liabilities Total liabilities Net assets 5.3 250 35,433 42,723 4,528 3.5 5.1 804 4,528 868 89 3,944 865 169 2.476 42 161 103 2.222 57 4.3 1,635 1 4.3 2.4 103 132 3.6 1,532 1,424 1,657 79 3.1 9,553 8,785 9,081 3.5 65 68 158 5.1 157 158 15,031 70 160 134 14,808 536 168 15,316 388 4.3 4.3 2.4 283 1,529 8 1,537 7 1,443 6 5.3 3.6 1,681 1,271 18,506 28,059 14,530 19,319 28,104 14,619 1,617 18,774 27,855 14,151 Statement of Financial Position (continued) As at 30 June 2019 Telstra Group 30 June 2019 As at 30 June 1 July 2018 2017 Restated Restated $m $m Note $m 4.2 4.2 4,447 (58) Equity Share capital Reserves Retained profits Equity available to Telstra Entity shareholders Non-controlling interests Total equity 10.160 14,549 (19) 14,530 4,428 (131) 10,335 14,632 (13) 14,619 4,421 (105) 9,816 14,132 19 14,151

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