Newcastle Greater Mutual Group Limited is the head of the Level 2 consolidated group to which prudential standard APS 330 Public Disclosure applies.
Capital Reconciliation for the year ended 30 June 2023
| Balance sheet per published audited financial statements | Adjustments¹ | Balance sheet under regulatory scope of consolidation | Reference to Capital Disclosure Template | |
|
As at 30 June 2023 A$m |
As at 30 June 2023 A$m |
As at 30 June 2023 A$m |
||
| Assets | ||||
| Cash and cash equivalents | 1,002.0 | (5.1) | 996.9 | |
| Prepayments and other receivables | 16.0 | (0.3) | 15.7 | |
| of which: capitalised expenses | 14.8 | 26f | ||
| Derivative financial instruments | 19.1 | - | 19.1 | |
| Financial assets at amortised cost | 3,313.5 | (0.4) | 3,313.1 | |
| Financial assets at fair value through profit or loss | 24.2 | (21.7) | 2.5 | |
| of which: other national specific regulatory adjustments | 1.3 | 26j | ||
| of which: equity investments in financial institutions | 1.2 | 26d | ||
| Loans and advances | 15,546.1 | - | 15,546.1 | |
| of which: capitalised expenses | 25.8 | 26f | ||
| of which: forward looking provisions for unidentified losses | (23.4) | 50 | ||
| Net deferred tax assets | 46.1 | - | 46.1 | 26e |
| Intangible assets | 2.9 | - | 2.9 | 26f |
| Property, plant and equipment | 114.1 | - | 114.1 | |
| Investment properties | 2.1 | - | 2.1 | |
| Total assets | 20,086.0 | (27.5) | 20,058.6 | |
| Liabilities | ||||
| Payables | 66.9 | (1.5) | 65.4 | |
| Derivative financial instruments | 9.3 | - | 9.3 | |
| Deposits | 16,519.1 | - | 16,519.1 | |
| Borrowings | 1,693.3 | - | 1,693.3 | |
| of which: capitalised expenses | 0.9 | 26f | ||
| Lease liability | 35.2 | - | 35.2 | |
| Current tax liabilities | 0.5 | - | 0.5 | |
| Provisions | 32.3 | - | 32.3 | |
| Total liabilities | 18,356.7 | (1.5) | 18,355.2 | |
| NET ASSETS | 1,729.3 | (26.0) | 1,703.4 | |
| Equity | ||||
| Reserves | 573.7 | - | 573.7 | |
| of which: asset revaluation reserve | 21.0 | 3 | ||
| of which: cash flow hedge reserve | 10.2 | 3,11 | ||
| of which: general reserve | 540.7 | 3 | ||
| Retained profits | 1,129.6 | - | 1,129.6 | 2 |
| Non-controlling interest | 26.0 | (26.0) | - | 2 |
| Total equity | 1,729.3 | (26.0) | 1,703.4 | |
1. Adjustments - Entities Excluded from the Level 2 Regulatory Consolidated Group
These entities are included within the accounting consolidation but excluded from the regulatory consolidated group for capital purposes
|
Total Assets A$m |
Total Liabilities A$m |
Total Equity A$m |
|
| Newcastle Permanent Charitable Foundation (A) | 24.5 | 0.0 | 24.5 |
| Greater Charitable Foundation (B) | 3.0 | 1.5 | 1.5 |
| Total | 27.5 | 1.5 | 26.0 |
(A) Newcastle Permanent Charitable Foundation is a discretionary trust established and domiciled in Australia and is a community support fund established for the purpose of raising funds to be provided to other deductible gift recipients
(B) Greater Charitable Foundation is a discretionary trust established and domiciled in Australia and is a community support fund established for the purpose of raising funds to be provided to other deductible gift recipients