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Section B: Notes to the Group financial statements for the year ended 30 June 2026
B22 Deed of cross guarantee (continued) Deed of cross guarantee (continued)
2026
2025
$M
$M
Summarised movements in accumulated losses Accumulated losses at the beginning of the year Accumulated losses of entities that left the ‘closed group’
(3,124)
(2,711)
(42)
—
Profit/(loss) for the year
147
(413)
Accumulated losses at the end of the year
(3,019)
(3,124)
Summarised balance sheet Current assets Cash and cash equivalents Trade and other receivables Derivative financial instruments
231
906
1,040
1,076
—
8
Total current assets
1,271
1,990
Non-current assets Investments in subsidiaries
6,409 4,489
4,131 4,175 2,294
Other financial assets
Equity accounted investments Property, plant and equipment
—
415 153 612
379 152 438
Intangible assets Deferred tax assets
Total non-current assets
12,078
11,569
Total assets
13,349
13,559
Current liabilities Trade and other payables
1,382
1,812
Provisions
87
83
Total current liabilities
1,469
1,895
Non-current liabilities Payables Deferred tax liabilities
12,439
11,214
17
30
Provisions
5
6
Total non-current liabilities
12,461
11,250
Total liabilities
13,930
13,145
Net (liabilities)/assets
(581)
414
Equity Contributed equity
4,070
4,037
Other reserves
(1,632) (3,019)
(499)
Accumulated losses
(3,124)
Total equity
(581)
414
175
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