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
D14 Equity accounted investments (continued) Summarised financial information of equity accounted investments Set out below is the summarised financial information for those joint ventures and associates that are material to THT and TIL. The summarised financial information presented below is on a 100 per cent basis for each equity accounted investment. Summarised balance sheet—100%
THT STP JV TIL AM Partners TIL Total $M $M $M $M $M $M $M THT NWRG Trust THT Total TIL TC TIL A25 1
2024 Cash and cash equivalents
353 168
— —
353 168
488
41 56
— — — — — — — —
529
Other current assets Non-current assets
22
78
16,505
1,930
18,435
10,415
1,166
11,581
Current financial liabilities Other current liabilities Non-current financial liabilities Other non-current liabilities Net assets/(liabilities)
(1)
—
(1)
(146) (170)
(1)
(147) (197)
(137)
(26)
(163)
(27)
(10,792)
(2,185)
(12,977)
(3,775)
(421)
(4,196)
10
—
10
(301)
(65)
(366)
6,106
(281)
5,825
6,533
749
7,282
2023² Cash and cash equivalents
562 144
— —
562 144
420
38 57
—
458
Other current assets Non-current assets
24
6
87
16,942
1,941
18,883
10,182
1,306
— —
11,488
Current financial liabilities Other current liabilities Non-current financial liabilities Other non-current liabilities Net assets/(liabilities)
(998)
—
(998) (115)
(9)
—
(9)
(92)
(23)
(190)
(26)
(6)
(222)
(9,350)
(2,050)
(11,400)
(3,759)
(499)
— — —
(4,258)
10
—
10
(291)
(1)
(292)
7,218
(132)
7,086
6,377
875
7,252
Summarised statement of comprehensive income—100% 2024 Revenue 470
186
656
420 355
63 —
— — — — — — — — — — —
483 355
Construction revenue
21
—
21
Depreciation and amortisation
(426)
(34)
(460)
(153)
(44) (44) (27)
(197)
Impairment
—
— — —
—
—
(44)
Other expenses Construction costs Net finance costs
(20) (21)
(20) (21)
(157) (355)
(184) (355)
—
(416)
(53)
(469)
(80)
(2)
(82)
Income tax benefit/(expense) Profit/(loss) for the year Other comprehensive loss
1
(6)
(5)
—
—
—
(391) (131) (522)
93
(298) (138) (436)
30
(54)
(24)
(7)
—
—
—
Total comprehensive income/(loss)
86
30
(54)
(24)
2023 Revenue
396 139
169
565 139
337 356
20 —
— — —
357 356
Construction revenue
—
Depreciation and amortisation
(383)
(34)
(417)
(135)
(17)
(152)
Impairment
—
—
—
—
—
(32) (15)
(32)
Other expenses Construction costs
(8)
(5)
(13)
(150) (356)
(7)
(172) (356)
(139) (322)
—
(139) (366)
—
— — —
Net finance income/(costs)
(44)
(79)
2
(77)
Income tax expense
—
(6)
(6)
—
—
—
(Loss)/profit for the year
(317) (118) (435)
80
(237) (112) (349)
(27)
(2)
(47)
(76)
Other comprehensive income/(loss) Total comprehensive (loss)/income
6
—
—
—
—
86
(27)
(2)
(47)
(76)
1. For FY23, the summarised statement of comprehensive income for A25 is presented from the date of sale of the Group's controlling interest in A25 on 28 February 2023. 2. Comparatives have been restated to align with the current year presentation.
208 209
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