Lendlease Annual Report 2022

Financial Statements 109 Consolidated Financial Statements Income Statement Year Ended 30 June 2022 June 2022 June 2021 1 Note $m $m Revenue from contracts with customers 4 8,822 9,022 Other revenue 142 121 Cost of sales (8,135) (8,435) Gross profit 829 708 Share of profit of equity accounted investments 5 181 100 Other income 6 358 487 Other expenses 7 (1,429) (884) Results from operating activities from continuing operations (61) 411 Finance revenue 8 9 9 Finance costs 8 (125) (146) Net finance costs (116) (137) (Loss)/Profit before tax from continuing operations (177) 274 Income tax benefit/(expense) from continuing operations 9.a 51 (68) (Loss)/Profit after tax from continuing operations (126) 206 Profit after tax from discontinued operations 33 27 16 (Loss)/Profit after tax (99) 222 (Loss)/Profit after tax attributable to: Members of Lendlease Corporation Limited (239) 128 Unitholders of Lendlease Trust 140 94 (Loss)/Profit after tax attributable to securityholders (99) 222 External non controlling interests - - (Loss)/Profit after tax (99) 222 Basic/Diluted Earnings per Lendlease Group Stapled Security (EPSS) from Continuing Operations Shares excluding treasury shares (cents) 33 (18.4) 30.2 Shares on issue (cents) 33 (18.3) 30.0 Basic/Diluted Earnings per Lendlease Group Stapled Security (EPSS) Securities excluding treasury shares (cents) 3 (14.5) 32.5 Securities on issue (cents) 3 (14.4) 32.3 1. June 2021 results have been re-presented for discontinued operations during the period. Refer to Note 33 'Discontinued Operations' for further details. The accompanying notes form part of these consolidated financial statements.