Financial statements | Contents
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2025
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
Common control
Total
$M 271
$M
$M
$M
$M 270
Balance at 1 July 2024 Revaluation—gross Share based payments
(7) (3)
6
— — — —
(80)
—
(83)
—
—
1
1 4
Deferred tax
3
1
—
Share of other comprehensive loss of equity accounted investments, net of tax
(94)
(3)
— —
—
(97)
Transactions with THL Balance at 30 June 2025
—
—
501 501
501 596
100
(12)
7
Balance at 1 July 2023
385
(2) (9)
6
— — —
389
Revaluation—gross
(45)
— —
(54)
Deferred tax
—
3
3
Share of other comprehensive income/(loss) of equity accounted investments, net of tax
(69)
1
—
— —
(68)
Balance at 30 June 2024
271
(7)
6
270
TIL
Transactions with non- controlling interests
Share based payments
Foreign currency translation
Cash flow hedges
Total
$M
$M
$M
$M (58)
$M
Balance at 1 July 2024
28 —
1
95 40
66 40
Currency translation differences
—
—
Share of other comprehensive loss of equity accounted investments
(2)
—
—
—
(2)
Balance at 30 June 2025
26
1
135
(58)
104
Balance at 1 July 2023
28 — 28
1
105
(58)
76
Currency translation differences
—
(10)
—
(10)
Balance at 30 June 2024
1
95
(58)
66
189
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