Lendlease Annual Report 2024

132 Lendlease Annual Report 2024 Notes to Consolidated Financial Statements continued INTEREST EXPOSURE CURRENCY Fixed $m Floating $m Total $m A$ $m US$ $m £ $m € $m CNY $m S$ $m Total $m June 2024 Within one year 9 - 9 - - 9 - - - 9 Between one and five years 1,448 2,234 3,682 1,075 991 679 282 - 655 3,682 More than five years 485 - 485 262 - 79 - 144 - 485 Total 1,942 2,234 4,176 1,337 991 767 282 144 655 4,176 June 2023 Within one year 19 - 19 - - 19 - - - 19 Between one and five years 1,542 1,145 2,687 745 767 192 328 189 466 2,687 More than five years 575 - 575 337 - 238 - - - 575 Total 2,136 1,145 3,281 1,082 767 449 328 189 466 3,281 June 2024 June 2023 16.c. Movement in Borrowings and Financing Arrangements Note $m $m Balance at beginning of financial year 16.a 3,281 2,357 Net proceeds from borrowings 909 902 Effect of foreign exchange rate movements (34) 80 Other movements 20 (58) Balance at end of financial year 16.a 4,176 3,281 17. Issued Capital Accounting Policies Issued Capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity. When share capital recognised as equity is repurchased, the amount of the consideration paid, including directly attributable costs, is recognised as a change in equity. Repurchased shares are typically classified as treasury shares and are recognised as a deduction from equity. LENDLEASE CORPORATION LIMITED LENDLEASE TRUST June 2024 June 2023 June 2024 June 2023 No. of Shares No. of Shares No. of Units No. of Units (m) $m (m) $m (m) $m (m) $m Issued capital at beginning of financial year, net of prior period share buyback 689 1,894 689 1,891 689 1,539 689 1,538 Distribution Reinvestment Plan (DRP) 1 2 - 3 1 1 - 1 Issued capital at end of financial period 690 1,896 689 1,894 690 1,540 689 1,539 17.a. Issuance of Securities As at 30 June 2024, the Group had 690 million stapled securities on issue, equivalent to the number of Lendlease Corporation shares and Lendlease Trust (LLT) units on issue as at that date. The issued units of LLT are not owned by the Company and are therefore presented separately in the Consolidated Statement of Financial Position within equity. Section C. Liquidity and Working Capital continued 16. Borrowings and Financing Arrangements continued