Setup:
ISP: Telecom Retail
Router: 2Wire
Phone: Galaxy S3 connected to router by 802.11g
Client: Official Speedtest.net android app
Screenshot of Speedtest.net app... these results are repeatable.

Screenshot of the ADSL stats for the router at the same time.

Now I think I know roughly how this happens, but to me (and anyone concerned as to how speedtest.net can report a physically impossible upload speed) this means I can not treat any of their reported results with any credibility.
Regards
Neil G
ps. Oh, the browser app to the same server (fast PC, connected by nice metally copper to the same router) gave more realistic 15.04/0.53 results.