Vector Annual Report 2023

Financial statements

Balance Sheet as at 30 June

2023 $M

2022 $M

NOTE

CURRENT ASSETS Cash and cash equivalents

89.9

7 7

20.0

447.1 124.3

Short-term deposits

2.5

Trade and other receivables

11

89.4

85.2

Contract assets

107.8

4.3

Derivatives Inventories

22

44.6 24.2 15.0

21.1 11.5

Contingent consideration

6

8.7

Intangible assets

4.4

33.6

Income tax

16

24.6

Total current assets NON-CURRENT ASSETS Receivables

825.7

332.5

67.4

11

4.5

107.8

Derivatives

22

119.7

49.4

Contingent consideration Investment in joint venture Investment in private equity

6

64.8

727.4

15.1 15.2

8.8

12.2

1,208.1 4,385.3

Intangible assets

12 13

1,262.1 4,882.1

Property, plant and equipment (PPE)

55.5 89.3

Right of use assets (ROU)

14.1

26.6

Income tax Deferred tax

16 17

105.3

2.9

2.4

Total non-current assets

6,701.9 7,527.6

6,479.7 6,812.2

Total assets

CURRENT LIABILITIES Trade and other payables

271.2

18 19 21 22

199.6

20.6

Provisions Borrowings Derivatives

21.9

240.6

371.0

0.5

0.4

72.7

Contract liabilities Lease liabilities

97.5

8.2 1.5

14.2

9.3 0.4

Income tax

Total current liabilities

615.3

700.1

NON-CURRENT LIABILITIES Provisions

5.9

19 21 22

5.2

2,028.2

Borrowings Derivatives

2,858.4

160.3

130.5

11.0 56.8

Contract liabilities Lease liabilities

17.9 18.4

14.2

692.1

Deferred tax

17

651.6

Total non-current liabilities

2,954.3 3,569.6

3,682.0 4,382.1

Total liabilities

EQUITY Equity attributable to owners of the parent Non-controlling interests in subsidiaries

3,942.8

2,414.0

15.2

16.1

Total equity

3,958.0 7,527.6

2,430.1 6,812.2

Total equity and liabilities

272.6

Net tangible assets per share (cents)

25.3 25.3

114.8

33.1

Gearing ratio (%)

58.2

59

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