Financial statements | Contents
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2025
D5 Income tax Deferred tax assets and liabilities—THT
Asset
Liability
2025 2024 $M $M $M $M 2024 2025
The balance comprises temporary difference attributable to: Derivatives and foreign exchange
219 219
165 165
(207) (207)
(160) (160)
Tax assets/(liabilities)
Set off of tax
(207)
(160)
207
160
Net tax assets/(liabilities)
12
5
—
—
Movements: Opening balance at 1 July (Charged) to profit and loss Credited/(Charged) to equity Closing balance at 30 June
165
166
(160)
(161)
— 54
—
—
(4)
(1)
(47)
5
219
165
(207)
(160)
Deferred tax assets and liabilities—TIL
Asset
Liability
2025 2024 $M $M $M $M 2024 2025
The balance comprises temporary difference attributable to: Current and prior year losses
81
88
—
—
Fixed assets/intangibles
1 9
2 8
(2) (1)
(1)
Derivatives and foreign exchange Equity accounted investments
—
— 10
—
(989)
(986)
Other
6
(1)
—
Tax assets/(liabilities)
101
104
(993)
(987)
Set off of tax
(76)
(78)
76
78
Net tax assets/(liabilities)
25
26
(917)
(909)
Movements: Opening balance at 1 July
104
106
(987)
(999)
(Charged)/credited to profit and loss
2 2
(6)
4
10
Foreign exchange movements
—
(14)
6
Current year losses recognised/(prior year losses utilised) and under/(over) provision in prior years
(7)
4
4
(4)
Closing balance at 30 June
101
104
(993)
(987)
187
Made with FlippingBook Digital Publishing Software