Providing Description of the Intangible Assets Depicted in the Financial Statement of Telstra for 2017

Running head: ADVANCE FINANCIAL ACCOUNTING
Advance Financial Accounting
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ADVANCE FINANCIAL ACCOUNTING
1
Table of Contents
Providing description of the intangible assets depicted in the financial statement of Telstra for
2017:...........................................................................................................................................2
References:.................................................................................................................................5

ADVANCE FINANCIAL ACCOUNTING
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Providing description of the intangible assets depicted in the financial statement of
Telstra for 2017:
Figure 1: Depicting the intangible assets of Telstra for 2017
(Source: Telstra.com.au, 2018)
The above figure helps in depicting the level of intangible assets, which has been
maintained by Telstra during the fiscal year of 2017. Furthermore, the intangible assets,
which has been maintained by the company are goodwill, software assets, licences, deferred
expenditure, other intangible assets. These identified intangible assets are mainly listed in the
annual report of the company as per the listening of AASB 138 intangible assets. The listed
intangible assets have increased in value over time, which depicts the different operations that
has been conducted by the company for acquiring the licences. Castilla-Polo and Gallardo-