XML 42 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments - Schedule of Investments (Detail)
AUD in Millions, $ in Millions
Dec. 31, 2017
USD ($)
Dec. 31, 2017
AUD
Jun. 30, 2017
USD ($)
Schedule of Investments [Line Items]      
Available-for-sale securities [1] $ 80   $ 97
Cost method investments [2] 211   219
Total Investments 2,019   2,027
Foxtel [Member]      
Schedule of Investments [Line Items]      
Equity method investment carrying value [3] 1,605   1,208
Loan receivable from Foxtel $ 0 [3] AUD 481 370 [3]
Equity method investment, ownership percentage [3] 50.00% 50.00%  
Other Equity Method Investments [Member]      
Schedule of Investments [Line Items]      
Equity method investment carrying value [4] $ 123   $ 133
[1] Available-for-sale securities are primarily comprised of the Company's investment in HT&E Limited (formerly APN News and Media Limited), which operates a portfolio of Australian radio and outdoor media assets.
[2] Cost method investments are primarily comprised of the Company's investment in SEEKAsia Limited and certain investments in China.
[3] In May 2012, Foxtel purchased Austar United Communications Ltd. The transaction was funded by Foxtel bank debt and pro rata capital contributions made by Foxtel shareholders in the form of subordinated shareholder notes based on their respective ownership interests. The Company's share of the subordinated shareholder notes was approximately A$481 million ($370 million) as of June 30, 2017. During the three months ended September 30, 2017, Foxtel's shareholders made pro-rata capital contributions to Foxtel by way of promissory notes. The Company's share of the capital contributions was A$494 million ($388 million) at September 28, 2017, and the Company's investment in Foxtel increased by this amount. Foxtel utilized the shareholders' capital contributions to repay its subordinated shareholder notes and interest accrued in the three months ended September 30, 2017. As a result, such notes were considered to be repaid as of September 30, 2017.
[4] Other equity method investments are primarily comprised of Elara Technologies Pte. Ltd., which operates PropTiger.com, Makaan.com and Housing.com.