2024 Corporate Report

Financial statements

Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2024

Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2024

Capital and borrowings

D8 Reserves Refer to Note B11 for a description of the nature and purpose of each reserve.

THT

Share based payments

Cash flow hedges

Cost of hedging

Total $M $M $M $M

Balance at 1 July 2023

385

(2) (9)

6

389

Revaluation—gross

(45)

— — —

(54)

Deferred tax

3 1

3

Share of other comprehensive income/(loss) of equity accounted investments, net of tax

(69)

(68)

Balance at 30 June 2024

271

(7)

6

270

Balance at 1 July 2022

493

1

4

498

Revaluation—gross

(77)

— — —

— —

(77)

Deferred tax

22 —

22

Share based payments

2

2

Share of other comprehensive loss of equity accounted investments, net of tax

(53)

(3) (2)

(56)

Balance at 30 June 2023

385

6

389

TIL

Transactions with non- controlling interests

Share based payments

Foreign currency translation

Cash flow hedges

Total

$M

$M

$M

$M

$M

Balance at 1 July 2023

28

1

105

(58)

76

Currency translation differences Balance at 30 June 2024

(10)

(10)

28

1

95

(58)

66

Balance at 1 July 2022

28 19

1

51

(58)

22 19

Revaluation—gross

— — — —

— —

— — — —

Deferred tax

(5)

(5)

Currency translation differences

110

110

Losses reclassified on disposal of subsidiary, net of tax

(14)

(56)

(70)

Balance at 30 June 2023

28

1

105

(58)

76

199 200

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