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
B22 Equity accounted investments (continued) Summarised financial information of equity accounted investments (continued) Summarised statement of comprehensive income—100% STP JV NWRG
TC Total $M $M $M $M $M $M A25 1 Other 2
2024 Revenue
793
662 269
420 355
63 —
— — — — — — — — — — —
1,938
Construction revenue
23
647
Depreciation and amortisation
(573)
(109)
(153)
(44) (44) (27)
(879)
Impairment
—
—
—
(44)
Other expenses Construction costs Net finance costs
(221)
(147) (269) (229)
(157) (355)
(552) (647)
(23)
—
(747)
(80)
(2)
(1,058)
Income tax benefit/(expense)
1
(69)
—
—
(68)
(Loss)/profit
(747) (131) (878)
108
30
(54)
(663) (137) (800)
Other comprehensive loss
(6)
—
—
Total comprehensive (loss)/income
102
30
(54)
2023 Revenue
654 144
647 116
337 356
20 —
— — —
1,658
616
Construction revenue
(531)
(110)
(135)
(17)
(793)
Depreciation and amortisation
—
—
—
—
(32) (15)
(32)
Impairment
(181) (144) (498)
(133) (116) (237)
(150) (356)
(7)
(486) (616) (812)
Other expenses Construction costs
—
— — —
(79)
2
Net finance (costs)/income
—
(79)
—
—
(79)
Income tax expense
(556) (118) (674)
88 12
(27)
(2)
(47)
(544) (106) (650)
(Loss)/profit
—
—
—
Other comprehensive (loss)/income Total comprehensive (loss)/income
100
(27)
(2)
(47)
1. In FY23, the summarised statement of comprehensive income is presented from the date of sale of the Group's controlling interest in A25 on 28 February 2023. 2. Other equity accounted investments includes AM Partners.
174
173
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