Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
Financial statements
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Section A: Group financial statements for the year ended 30 June 2022
Section A: Group financial statements for the year ended 30 June 2022
Transurban Holdings Limited Consolidated statement of changes in equity for the year ended 30 June 2021
Attributable to security holders of the stapled group
Equity attributable to other members— THT & TIL
Non- controlling interests— other
Number of securities
Contributed
Accumulated losses
Total equity
equity Reserves
Total
M
$M $M
$M
$M $M
$M $M
Balance at 1 July 2020
2,735
2,919
(491)
(3,851)
9,281
7,858
927
8,785
Comprehensive (loss)/income Profit/(loss) for the year Other comprehensive income/(loss) Total comprehensive income/(loss)
— — —
— — —
— 29 29
(356)
3,659
3,303
(31)
3,272
—
102
131
(5)
126
(356)
3,761
3,434
(36)
3,398
Transactions with owners in their capacity as owners: Employee performance awards issued 1
1
2
(1)
—
5
6
— — —
6
Distributions provided for or paid 2 Distribution reinvestment plan 3
—
—
— — —
(27)
(972)
(999)
(999)
2
8
— — —
22 — —
30 —
30
Distributions to non-controlling interests 4
— —
— — 10
(90)
(90)
Transactions with non-controlling interests—other 5
6 5
6
—
6
3
(27)
(945)
(957)
(90)
(1,047) 11,136
Balance at 30 June 2021
2,738
2,929
(457)
(4,234)
12,097
10,335
801
1. It is the Group's policy that a portion of all Short Term Incentives issued to the CEO and other executives are deferred for a period of 2 years. In addition to the Short Term Incentives, stapled securities (including units in the Trust) were issued to senior executives and other employees under the Group's Long Term Incentive share based payment plans. These
securities are held by the employees but will only vest in accordance with the terms of the plans. 2. Refer to Note B10 for further details of dividends and distributions provided for or paid.
3. Under the Distribution Reinvestment Plan (DRP), holders of stapled securities may elect to have all or part of their distribution entitlements satisfied by the issue of new stapled securities rather than by cash. The DRP applied for the final distribution for FY20 and the interim distribution for FY21, paid in August 2020 and February 2021, respectively. 4. Distributions and dividends were paid during the year to the non-controlling interest partners in the Eastern Distributor, Transurban Queensland and the M5 West. 5. Stamp duty adjustment relating to the acquisition of the remaining 34.62% interest of M5 West on 30 October 2019.
The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.
125 125
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