Lendlease Annual Report 2024

98 Lendlease Annual Report 2024 Consolidated Financial Statements continued Statement of Comprehensive Income Year Ended 30 June 2024 June 2024 June 2023 Note $m $m Loss after Tax (1,502) (232) Other Comprehensive (Loss)/Income after Tax Items that may be reclassified subsequently to profit or loss: Movements in hedging reserve 9.b (7) 1 Movements in foreign currency translation reserve 9.b (48) 120 Total items that may be reclassified subsequently to profit or loss 1 (55) 121 Items that will not be reclassified to profit or loss: Movements in non controlling interest acquisition reserve 9.b - (4) Movements in defined benefit plan remeasurements 2 9.b (91) (108) Total items that will not be reclassified to profit or loss (91) (112) Total comprehensive loss after tax (1,648) (223) Total comprehensive (loss)/income after tax attributable to: Members of Lendlease Corporation Limited (1,610) (297) Unitholders of Lendlease Trust (38) 73 Total comprehensive loss after tax attributable to securityholders (1,648) (224) External non controlling interests - 1 Total comprehensive loss after tax (1,648) (223) 1. Includes Other comprehensive loss of $44 million (June 2023: Other comprehensive income of $166 million) relating to share of other comprehensive income of equity accounted investments. 2. During the year the Group executed an insurance scheme buy-in in relation to the Lendlease UK Pension Scheme. This transaction involved trading the majority of the scheme’s assets for an insurance policy that covers the scheme’s obligations. The difference between the value of the liabilities insured and the cost of the insurance policy of $75 million (pre-tax) was recognised as a loss in Other comprehensive income. Refer to Note 34 'Defined Benefit Plan' for further detail. The accompanying notes form part of these consolidated financial statements.