Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2024
Section B: Notes to the Group financial statements for the year ended 30 June 2024
B21
Changes in ownership interests in controlled subsidiaries (continued)
Year ended 30 June 2023 changes in ownership interests (continued) Sale of the Group's controlling interest in A25 (continued) The contribution of A25 results included within the Group’s consolidated statement of comprehensive income and consolidated statement of cash flows for the eight months ended 28 February 2023 are detailed below: Income statement – A25
8 months ended 28 February 2023 $M
Toll revenue
41
Total expenses
(16) (36) (21)
Total depreciation and amortisation
Net finance costs Gain on disposal
41
Profit before income tax
9
Income tax benefit
20
Income tax expense on gain on disposal
(135) (106)
Loss for the period¹
Loss attributable to: Ordinary security holders of the stapled group — Attributable to THL
(14) (92)
— Attributable to THT/TIL
Loss attributable to ordinary security holders of the stapled group
(106)
Other comprehensive income Changes in the fair value of cash flow hedges, net of tax Exchange differences on translation of operations, net of tax Gains reclassified on disposal of subsidiary, net of tax Other comprehensive loss for the period, net of tax
14 19
(63) (30)
Total comprehensive loss for the period
(136)
Total comprehensive loss for the period is attributable to: Ordinary security holders of the stapled group — Attributable to THL
(9)
— Attributable to THT/TIL
(127) (136)
Total comprehensive loss attributable to ordinary security holders of the stapled group
Cash flow statement – A25
8 months ended 28 February 2023 $M
Net operating cash flows
24
Net investing cash flows Net financing cash flows
—
(18)
Effects of exchange rate changes on cash and cash equivalents
(1)
Net increase in cash and cash equivalents²
5
1. Loss before income tax from discontinued operations for TIL for the year ended 30 June 2023 excluding gain on disposal is $32 million (after tax loss: $12 million), which is recorded within a wholly owned subsidiary of TIL. 2. The net movement in cash and cash equivalents from discontinued operations for TIL for the year ended 30 June 2023 is a $5 million inflow.
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