Lendlease Annual Report 2022

Financial Statements 139 LENDLEASE GLOBAL COMMERCIAL REIT LENDLEASE RETIREMENT LIVING TRUST 1 PAYA LEBAR QUARTER THE EXCHANGE TRX Statement of Financial Position June 2022 June 2021 June 2022 June 2021 June 2022 June 2021 June 2022 June 2021 $m $m $m $m $m $m $m $m Current assets Cash and cash equivalents 48 245 41 44 122 107 63 41 Other current assets 23 9 59 28 93 95 45 6 Total current assets 71 254 100 72 215 202 108 47 Non current assets Investment properties 3,754 1,409 7,826 7,441 3,129 2,960 1,522 1,213 Equity accounted investments 16 - - - - - - - Other non current assets 19 52 38 2 3 4 20 4 Total non current assets 3,789 1,461 7,864 7,443 3,132 2,964 1,542 1,217 Current liabilities Resident liabilities - - 5,054 4,835 - - - - Financial liabilities (excluding trade payables) 312 - - - - - 113 96 Other current liabilities 44 24 78 56 43 55 49 30 Total current liabilities 356 24 5,132 4,891 43 55 162 126 Non current liabilities Financial liabilities (excluding trade payables) 1,200 536 777 742 1,813 1,733 532 444 Other non current liabilities 19 11 - - 33 86 - - Total non current liabilities 1,219 547 777 742 1,846 1,819 532 444 Net assets 2,285 1,144 2,055 1,882 1,458 1,292 956 694 Reconciliation to Carrying Amounts Opening net assets 1 July 1,144 1,037 1,882 1,805 1,292 1,297 658 603 Total comprehensive income/(loss) for the financial year 126 7 193 77 89 46 68 33 Acquisition/contributions 1,003 197 - - 6 14 172 91 Distributions (74) (47) (20) - - - - - Foreign currency translation for the financial year 86 (50) - - 71 (65) 58 (33) Closing net assets 2,285 1,144 2,055 1,882 1,458 1,292 956 694 % ownership 26.2% 25.9% 25.1% 50.0% 30.0% 30.0% 60.0% 60.0% Group's share of net assets 599 296 516 941 437 388 574 416 Other adjustments (114) (47) (3) (2) (45) (30) (73) (28) Carrying amount at end of the financial year 485 249 513 939 392 358 501 388 1. The carrying amount at the end of the financial year differs to Note 12b ‘Joint Ventures’ due to an impairment of $13 million. Material joint ventures had $154 million (June 2021: $141 million) in capital expenditure commitments.