Investor Presentaiton
17
Balance sheet¹²
• Net assets increased $89.9m on a reported currency
basis in F23
Adjusting for the movement in foreign exchange
rates, net assets increased by $3.5m
Key drivers of the increase in net assets include:
- Increased working capital of $240.1m, driven by
higher Inventory and Receivables
- Increase in Property, Plant & Equipment of $55.2m
following the acquisition of Chateau Lanessan and
a previously leased vineyard in the US
- Partly offset by an increase in Net Borrowings³ of
$128.6m
A$m
F23
30-Jun-23
F22
30-Jun-22
Cash & cash equivalents
565.8
430.5
Receivables
612.9
564.4
Current inventories
990.3
947.9
•
Non-current inventories
1,175.3
1,063.6
Property, plant & equipment
1,576.8
1,521.5
Right of use lease assets
389.7
435.3
•
Agricultural assets
44.8
32.9
Intangibles
1,426.7
1,399.8
Tax assets
190.9
163.5
Assets held for sale
32.9
35.6
Other assets
85.2
68.7
Total assets
7,091.3
6,663.7
Payables
709.7
747.2
Interest bearing debt
1,388.6
1,064.7
Lease liabilities
548.9
609.0
Tax liabilities
401.7
347.2
Provisions
106.7
81.0
Other liabilities
Total liabilities
56.8
25.6
3,212.4
3,878.9
2,874.7
3,789.0
Net assets
1. Unless otherwise stated, balance sheet percentage or dollar movements are from 30 June 2022 and on a reported currency basis.
Working capital balances may include items of payables and receivables which are not attributable to operating activities
2.
23
3. Interest bearing debt includes fair value adjustments related to derivatives that are in a fair value hedge relationship on a portion of US Private Placement notes: F23 $ (20.3)m, F22 $ (11.3)m
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