Corporate Report for the year ended 30 June 2022
Introduction and overview
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Directors’ report
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Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2022
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2022
Capital and borrowings D8 Reserves Refer to Note B12 for a description of the nature and purpose of each reserve.
THT
Cash flow hedges
Cost of hedging
Share based payments
Total
$M
$M
$M
$M
Balance at 1 July 2021 Revaluation—gross
(96)
1 5
4
(91)
414
— — —
419
Deferred tax
(52)
(2) (3)
(54)
Share of other comprehensive income/(loss) of equity accounted investments, net of tax
227 493
224 498
Balance at 30 June 2022
1
4
Balance at 1 July 2020 Revaluation—gross
(238)
— — —
4
(234)
63
— — —
63
Deferred tax
3
3
Share of other comprehensive income of equity accounted investments, net of tax
76
1 1
77
Balance at 30 June 2021
(96)
4
(91)
TIL
Transactions with non- controlling interests
Foreign currency translation
Cash flow hedges
Share based payments
Total
$M
$M
$M
$M
$M
Balance at 1 July 2021
(1)
1
(198)
(58)
(256)
Currency translation differences
— 29 28
— —
249
— —
249
Share of other comprehensive income of equity accounted investments
— 51
29 22
Balance at 30 June 2022
1
(58)
Balance at 1 July 2020 Revaluation—gross
(24)
1
(142)
(58)
(223)
20 —
— — — — —
—
— — — — —
20
Currency translation differences
124
124
Share of other comprehensive loss of equity accounted investments, net of tax
(1)
—
(1)
(Gains)/losses reclassified on disposal of subsidiary, net of tax
9
(175)
(166)
Deferred tax
(5) (1)
(5)
(10)
Balance at 30 June 2021
1
(198)
(58)
(256)
203 203
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