$1b Recovery Plan
Net Debt decreased by $2.0b for the 12 months to June 2022
-
Borrowing activity for the period included
Net Debt and liquidity position.
$M
As at
30 Jun 22
As at
30 Jun 21
Change4
Current interest-bearing liabilities on
669
969
300
Balance Sheet
Non-current interest-bearing liabilities
5,291
5,861
570
on Balance Sheet
Cash at end of period
(3,343)
[2,221)
1,122
Net on Balance Sheet debt¹
2,617
4,609
1,992
Capitalised aircraft lease liabilities²
1,320
1,281
(39)
-
Net Debt³
3,937
5,890
1,953
1H22 new unsecured borrowings of ($0.5)b
Repayment of $0.7b secured amortising debt, $0.3b bonds
and pre-payment of $0.45b Corporate Secured Debt
Program
Increase in cash balance supported by proceeds from the rebuild
of Revenue Received in Advance (RRIA) and the sale of Mascot land
As at
As at
$M
30 Jun 22
30 Jun 21
Change4
Cash and cash equivalents at end of
period
3,343
2,221
1,122
Committed undrawn facilities of $1.3b
•
The Group also maintains an unencumbered asset base of >$3.5b
Undrawn facilities
1,330
1,575
[245]
Total liquidity
4,673
3,796
877
1. Net on Balance Sheet debt includes interest-bearing liabilities reduced by cash and cash equivalents. 2. Capitalised aircraft lease liabilities are measured at fair value at the lease commencement date and remeasured over lease term on a principal and interest basis. Residual
value of capitalised aircraft lease liability denominated in foreign currency is translated at the long-term exchange rate. 3. Net Debt under the Group's Financial Framework includes net on Balance Sheet debt and capitalised aircraft lease liabilities. 4. Favourable variance shown | 19
as positive amounts.View entire presentation