Lendlease Annual Report 2022

112 Lendlease Annual Report 2022 Consolidated Financial Statements continued Statement of Changes in Equity Year Ended 30 June 2022 Issued Capital Treasury Securities 1 Reserves Retained Earnings Members of Lendlease Corporation Limited Unitholders of Lendlease Trust External Non Controlling Interests Total Equity $m $m $m $m $m $m $m $m Balance as at 1 July 2020 1,889 (68) 65 3,265 5,151 1,756 25 6,932 Total Comprehensive Income Profit for the financial year - - - 128 128 94 - 222 Other comprehensive income (net of tax) - - (75) 11 (64) (10) (2) (76) Total comprehensive income - - (75) 139 64 84 (2) 146 Other Comprehensive Income (Net of Tax) - Net investment hedge - - 12 - 12 - - 12 Effect of foreign exchange movements - - (102) - (102) (10) (2) (114) Effective cash flow hedges - - 15 - 15 - - 15 Defined benefit plans remeasurements - - - 11 11 - - 11 Other comprehensive income (net of tax) - - (75) 11 (64) (10) (2) (76) Transactions with Owners of the Company Capital contributed by non controlling interests - - - - - - 1 1 Distribution Reinvestment Plan (DRP) 3 - - - 3 1 - 4 Share issue via institutional placement (net of transaction costs) (3) - - - (3) - - (3) Share issue via Security Purchase Plan (net of transaction costs) (1) - - - (1) - - (1) Dividends and distributions - - - (77) (77) (54) - (131) Treasury securities acquired - (50) - - (50) - - (50) Treasury securities vested - 39 - - 39 - - 39 Fair value movement on allocation and vesting of securities - - 16 - 16 - - 16 Transfer as a result of asset disposal 2 - - (3) - (3) - - (3) Other movements - - - - - 1 - 1 Total other movements through reserves (1) (11) 13 (77) (76) (52) 1 (127) Balance as at 30 June 2021 1,888 (79) 3 3,327 5,139 1,788 24 6,951 Balance as at 1 July 2021 1,888 (79) 3 3,327 5,139 1,788 24 6,951 Total Comprehensive Income Profit for the financial year - - - (239) (239) 140 - (99) Other comprehensive income (net of tax) - - 182 44 226 10 2 238 Total comprehensive income - - 182 (195) (13) 150 2 139 Other Comprehensive Income (Net of Tax) Net investment hedge - - (16) - (16) - - (16) Effect of foreign exchange movements - - 62 - 62 10 2 74 Effective cash flow hedges - - 136 - 136 - - 136 Defined benefit plans remeasurements - - - 44 44 - - 44 Other comprehensive income (net of tax) - - 182 44 226 10 2 238 Transactions with Owners of the Company Capital contributed by non controlling interests - - - - - - 1 1 Distribution Reinvestment Plan (DRP) 3 - - - 3 1 - 4 Dividends and distributions - - - (55) (55) (71) - (126) Treasury securities acquired - (25) - - (25) - - (25) Treasury securities vested - 27 - - 27 - - 27 Fair value movement on allocation and vesting of securities - - 23 - 23 - - 23 Transfer as a result of asset disposal 2 - - (24) - (24) - - (24) Other movements - - - 1 1 (1) - - Total other movements through reserves 3 2 (1) (54) (50) (71) 1 (120) Balance as at 30 June 2022 1,891 (77) 184 3,078 5,076 1,867 27 6,970 1. Opening balance for number of treasury securities 1 July 2021 was 6 million (1 July 2020: 4 million) and closing balance at 30 June 2022 was 6 million. 2. These movements in reserves were transferred to profit and loss in the financial year. The accompanying notes form part of these consolidated financial statements.