Enduring Prosperity - Financial Services Growth Strategy
Balance sheet
Strong financial position with headroom for further growth
1H22
2H211
1H211
1H22 v 2H21
1H22 v 1H21
For the period
$m
$m
$m
(%)
(%)
Cash
130.9
147.1
172.1
(11%)
(24%)
Liquid investments (FVTPL)
154.8
150.4
133.7
3%
16%
Goodwill & other intangibles
929.2
862.9
863.5
8%
8%
Other
490.6
456.4
489.2
7%
Total assets
1,705.5
1,616.9
1,658.5
5%
3%
Borrowings (net of costs)
248.1
166.0
219.4
49%
13%
Other liabilities
538.1
543.8
537.7
(1%)
Total liabilities
786.2
709.8
757.1
11%
4%
Net assets
919.3
907.1
901.4
1%
2%
Key movements vs 2H21
•
•
•
.
Moderate decrease in Cash related to acquired
businesses and payment of the final dividend. Offset by
cash inflows for the drawdown of debt and operating
cash activities
Increase in Liquid investments reflects an increase in
seed fund investments relating to ETFs and mutual funds
Increase in Goodwill and other intangibles due to the
acquisitions of Jacaranda and Laminar
The increase in Borrowings reflects the draw down of
debt to fund strategic initiatives with additional capacity
remaining for further investment
Gearing ratio² of 21.5% up from 20.0% in 1H21
1. Prior periods comparative have been restated due to a change in accounting policy on the treatment of Software-as-a-service (SaaS) costs. 2. Gearing ratio is calculated corporate debt / (corporate debt + equity)
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