$1b Recovery Plan
IFRIC Agenda Decision - Restatement of Balance Sheet and Income Statement 1H21 and FY21
Restated Consolidated Balance Sheet
SM
Intangible assets
Deferred tax assets
Net assets
Accumulated losses
Total equity
FY21 Impact of
Reported Adoption Restated
FY21
•
Upon adoption, FY21 and 1H21 have been restated
849
[104]
745
675
31
706
516
(73)
FY21 intangible assets were reduced by $104m (recognised through
retained earnings after tax]
Amortisation expense decreased following restatement as a result of
lower intangible assets on the Consolidated Balance Sheet
443
-
(3,087)
[73]
(3,160)
1H21 amortisation reduced by $25m
-
FY21 amortisation reduced by $52m
516
(73)
443
Restated Consolidated Income Statement
$M
1H21 Impact of
1H21
FY21
Reported Adoption Restated Reported Adoption Restated
FY21 Impact of
Depreciation and amortisation
(978)
25
(953) (1,929)
52 (1,877)
Income tax benefit
386
[7]
379
623
(16)
607
Statutory loss after tax
(1,081)
18
(1,063) (1,728)
36
(1,692)
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