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Capital Reconciliation for the year ended 30 June 2024

Newcastle Greater Mutual Group Limited is the head of the Level 2 consolidated group to which prudential standard APS 330 Public Disclosure applies.

  Balance sheet per published audited financial statements Adjustments¹ Balance sheet under regulatory scope of consolidation Reference to Capital Disclosure Template
 

As at 30 June 2024

A$m

As at 30 June 2024

A$m

As at 30 June 2024

A$m

  
Assets
Cash and cash equivalents 861.3 (3.3) 858.0  
Cash collateral 5.6 - 5.6  
Prepayments and other receivables 18.8 (0.3) 18.5  
of which: capitalised expenses     13.2 26f
Derivative financial instruments 1.3 - 1.3  
Financial assets at amortised cost 3,162.4 (0.4) 3,162.0  
Financial assets at fair value through profit or loss 24.7 (23.5) 1.2  
of which: other national specific regulatory adjustments     - 26j
of which: equity investments in financial institutions     1.2 26d
Loans and advances 17,004.4 - 17,004.4  
of which: capitalised expenses     55.9 26f
of which: forward looking provisions for unidentified losses     (26.2) 50
Net deferred tax assets 39.5 - 39.5 26e
Current tax assets 4.7 - 4.7  
Intangible assets 1.3 - 1.3 26f
Property, plant and equipment 117.9 - 117.9  
Investment properties 2.0 - 2.0  
Total assets 21,243.9 (27.5) 21,216.4  
Liabilities
Payables 88.2 (1.5) 86.7  
Derivative financial instruments 6.8 - 6.8  
Deposits 17,568.5 - 17,568.5  
Borrowings 1,652.4 - 1,652.4  
of which: capitalised expenses     1.6 26f
Lease liability 42.6 - 42.6  
Provisions 34.4 - 34.4  
Total liabilities  19,392.9 (1.5)  19,391.4  
NET ASSETS  1,851.0 (26.0)  1,825.0  
Equity
Reserves 564.3 - 564.3  
of which: asset revaluation reserve     21.0 3
of which: cash flow hedge reserve     0.8 3,11
of which: general reserve     540.5 3
Retained profits 1,260.7 - 1,260.7 2
Non-controlling interest 26.0 (26.0) - 2
Total equity  1,851.0 (26.0)  1,825.0  

 

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 FoundationA 24.8 - 24.8
Greater Charitable FoundationB 2.7 1.5 1.2
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

Want to see more?

Explore NGM Group’s regulatory disclosures

 

Explore regulatory disclosures