Following the completion of the sale of a 47.4 per cent stake in online business Autohome on 23 June 2016, the numbers and commentary in the segment, product and expense sections have been prepared on a continuing operations basis and align with the statutory financial statements.
That is, they exclude the trading results and sale of Autohome shares. We continue to hold a 6.5 per cent stake in Autohome. The financial position section has been prepared on a continuing and discontinued operations basis (that is, they include the trading results and sale of Autohome shares), unless otherwise noted.
On 11 August 2016, the Directors of Telstra resolved to pay a fully franked final dividend of 15.5 cents per share. Shares will trade excluding entitlement to the dividend on 24 August 2016 with payment on 23 September 2016.
Summary Financial Results
|Total income (excluding finance income)||27,050||26,112||3.6|
|Share of net profit from joint ventures and associated entities||15||19||(21.1)|
|Depreciation and amortisation||4,155||3,974||4.6|
|Net finance costs||710||699||1.6|
|Profit for the year from continuing operations||3,832||4,114||(6.9)|
|Profit for the year from discontinued operations||2,017||191||n/m|
|Profit for the year from continuing and discontinued operations||5,849||4,305||35.9|
|Profit attributable to equity holders of Telstra||5,780||4,231||36.6|
|Free cashflow from continuing and discontinued operations2||5,926||2,619||126.3|
|Earnings per share from continuing operations (cents)||31.6||33.5||(5.7)|
 Capex is defined as additions to property, equipment and intangible assets including capital lease additions, excluding expenditure on spectrum, measured on an accrued basis. Excludes externally funded capex.
 Includes proceeds from the sale of Autohome of $1,323 million.
n/m = not meaningful
|Results on a guidance basis1||FY16||FY16 guidance|
|Total income growth2||6.3 per cent||Mid-single digit growth|
|EBITDA growth||2.6 per cent||Low-single digit growth|
|Capex/sales ratio||15.2 per cent||~15 per cent|
|Free cashflow||$4.8 billion||$4.6 – $5.1 billion|
This guidance assumed wholesale product price stability from the beginning of the financial year and no impairments to investments, and excluded any proceeds on the sale of businesses, mergers and acquisitions and purchase of spectrum. Capex to sales guidance excluded externally funded capex.
|Guidance versus reported results1||FY16||FY16||FY16||FY15|
|Reported results $m||Adjustments $m||Guidance basis $m||Guidance basis $m|
 Please refer above for details of the guidance adjustments and guidance versus reported results reconciliation on pages 164 and 165 of the financial statements for further information. This reconciliation has been reviewed by our auditors.
 Excludes finance income.
We present our reportable segments and measure our segment results on the same basis as our internal management reporting structure.
Our reportable segments represent the respective business units which offer our main products and services in the market. Further information on each reportable segment can be found in Note 2.1 of the Annual Report.
Segment information from continuing operations
|Total external income||FY16||FY15||Change|
|Global Enterprise and Services||6,262||5,618||11.5|
|Total Telstra segments||27,050||26,112||3.6|