Lendlease Annual Report 2024

Financial Statements 141 24.a. Foreign Currency Risk Exposure The net asset exposure by currency is detailed below. A$m US$m £m S$m €m CNYm MYRm Other m 1 June 2024 Net asset exposure (local currency) 1,298 559 298 834 157 980 2,363 48 June 2023 Net asset exposure (local currency) 1,842 1,008 803 662 115 638 2,096 23 1. Other currency is translated and disclosed in AUD. Sensitivity Analysis The sensitivity analysis of the Group’s Australian dollar denominated Income Statement and Statement of Financial Position to foreign currency movements is based on a 10 per cent fluctuation (June 2023: 10% fluctuation) on the average rates during the financial year and the spot rate at balance date respectively. This analysis assumes that all other variables, in particular interest rates, remain constant, and exclude the effects of the foreign exchange contracts. A 10 per cent movement in the average foreign exchange rates would have impacted the Group’s Loss after tax as follows: 10% WEAKENING LEADS TO INCREASE/ (DECREASE) IN PROFIT AFTER TAX 10% STRENGTHENING LEADS TO INCREASE/ (DECREASE) IN PROFIT AFTER TAX June 2024 June 2023 June 2024 June 2023 $m $m $m $m USD (72) (4) 58 4 GBP (59) (32) 48 32 SGD 5 7 (3) (6) EUR (6) 1 6 (2) CNY (2) (2) 2 2 MYR 9 5 (7) (4) (125) (25) 104 26 A 10 per cent movement in the foreign exchange spot rates at balance date would have impacted the Group’s net assets as follows: 10% WEAKENING LEADS TO INCREASE/ (DECREASE) IN NET ASSETS 10% STRENGTHENING LEADS TO INCREASE/ (DECREASE) IN NET ASSETS June 2024 June 2023 June 2024 June 2023 $m $m $m $m USD 97 175 (80) (143) GBP 58 164 (49) (136) SGD 103 81 (85) (67) EUR 27 21 (22) (16) CNY 22 15 (18) (12) MYR 82 75 (69) (61) 389 531 (323) (435)