Main Contents

About this Report Our Business Key Highlights Chairman and CEO Message NBN Renegotiation Strategy and Performance Improving customer advocacy Driving value from the core Build new growth businesses Outlook Managing our risks Full Year Results and Operations Review Sustainability Our approach Customer experience Responsible business Customer experience Our people Community impact Environmental stewardship Board of Directors Senior Management Team Governance at Telstra Directors' Report Remuneration Report Financial Report Financial Statements Notes to the Financial Statements Directors' Declaration Independent Auditor's Report Shareholder Information Reference Tables Glossary Contact Details

Financial Report Contents

Financial Statements Income Statement Statement of Comprehensive Income Statement of Financial Position Statement of Cash Flows Statement of Changes in Equity   Notes to the Financial Statements Note 1 - Basis of preparation Note 2 - Summary of significant accounting policies, estimates, assumptions and judgements Note 3 - Earnings per share Note 4 - Dividends Note 5 - Segment information Note 6 - Income Note 7 - Expenses Note 8 - Remuneration of auditors Note 9 - Income taxes Note 10 - Trade and other receivables Note 11 - Inventories Note 12 - Non current assets held for sale Note 13 - Property, plant and equipment

Note 14 - Intangible assets Note 15 - Trade and other payables Note 16 - Provisions Note 17 - Capital management and financial instruments Note 18 - Financial risk management Note 19 - Share capital Note 20 - Notes to the statement of cash flows Note 21 - Impairment Note 22 - Expenditure commitments Note 23 - Contingent liabilities and contingent assets Note 24 - Post employment benefits Note 25 - Investments in controlled entities Note 26 - Investments in jointly controlled and associated entities Note 27 - Employee share plans Note 28 - Key management personnel compensation Note 29 - Related party disclosures Note 30 - Parent entity information Note 31 - Events after reporting date Directors' Declaration Independent Auditor's Report Shareholder Information Reference Tables