Lendlease Annual Report 2022

128 Lendlease Annual Report 2022 Notes to Consolidated Financial Statements continued June 2022 June 2021 1 $m $m Profit before income tax includes the following expense items: Total Employee Benefit Expense 1,927 1,848 Less: Recoveries through projects 2 (1,371) (1,333) Net employee benefit expense 556 515 Superannuation accumulation plan expense 77 77 Net defined benefit plans expense (1) - Restructuring expenses: 3 Development impairments 289 - Tenancy impairments - Core 4 104 - Tenancy impairments - Non core 4 25 - Redundancy costs 56 - Other restructuring costs 10 - Expenses include other impairments raised/(reversals) relating to: Loans and receivables 2 - Property inventories 12 (13) Equity accounted investments (15) 1 Intangible assets 5 83 2 Other assets - 6 Lease expense (including outgoings) 30 32 Depreciation on right-of-use assets 54 63 Depreciation on owned assets 35 65 Amortisation 67 55 Net foreign exchange (gain)/loss 2 4 Other 43 77 Total Other Expenses 6 1,429 884 1. June 2021 results have been re-presented for discontinued operations during the period. Refer to Note 33 'Discontinued Operations' for further details. 2. Expense recovered through projects. 3. Expenses resulting from the revised strategy announcement and business review undertaken by the Global CEO during the financial year. 4. Refer to Note 22 'Trade and Other Payables' for further details. 5. Refer to Note 32 'Intangible Assets' for further details. 6. Prior year balances have been adjusted to reflect updated and additional information to assist the users of the financial statements. June 2022 June 2021 $000s $000s Auditors’ Remuneration Amounts received or due and receivable by the auditors of Lendlease Group and its consolidated entities for: Audit services 7,004 7,019 Other assurance services 882 822 Total audit and other assurance services 7,886 7,841 Non audit services 1 70 438 Total audit, other assurance and non audit services 7,956 8,279 1. Non audit services include amounts charged for work relating to financial, regulatory and asset due diligence of the Group and its consolidated entities. Section A. Performance continued 7. Other Expenses continued