Lendlease Annual Report 2022

144 Lendlease Annual Report 2022 Notes to Consolidated Financial Statements continued INTEREST EXPOSURE CURRENCY Fixed $m Floating $m Total $m A$ $m US$ $m £ $m CNY $m S$ $m Total $m June 2022 Within one year - - - - - - - - - Between one and five years 1,097 63 1,160 - 580 17 188 375 1,160 More than five years 1,190 7 1,197 756 - 441 - - 1,197 Total 2,287 70 2,357 756 580 458 188 375 2,357 June 2021 Within one year 555 - 555 - - 555 - - 555 Between one and five years 644 - 644 - 531 - 113 - 644 More than five years 1,151 7 1,158 855 - 7 - 296 1,158 Total 2,350 7 2,357 855 531 562 113 296 2,357 June 2022 June 2021 16.c. Movement in Borrowings and Financing Arrangements Note $m $m Balance at beginning of financial year 16.a 2,357 2,395 Net proceeds from borrowings 70 33 Effect of foreign exchange rate movements 24 (49) Other movements (94) (22) Balance at end of financial year 16.a 2,357 2,357 17. Issued Capital Accounting Policies Issued Capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity. When share capital recognised as equity is repurchased, the amount of the consideration paid, including directly attributable costs, is recognised as a change in equity. Repurchased shares are typically classified as treasury shares and are recognised as a deduction from equity. LENDLEASE CORPORATION LIMITED LENDLEASE TRUST June 2022 June 2021 June 2022 June 2021 No. of Shares No. of Shares No. of Units No. of Units (m) $m (m) $m (m) $m (m) $m Issued capital at beginning of financial year, net of prior period share buyback 689 1,888 688 1,889 689 1,537 688 1,536 Distribution Reinvestment Plan (DRP) - 3 1 3 - 1 1 1 Share issue via institutional placement (net of transaction costs) - - - (3) - - - - Share issue via Security Purchase Plan (net of transaction costs) - - - (1) - - - - Issued capital at end of financial period 689 1,891 689 1,888 689 1,538 689 1,537 17.a. Issuance of Securities As at 30 June 2022, the Group had 689 million stapled securities on issue, equivalent to the number of Lendlease Corporation shares and Lendlease Trust (LLT) units on issue as at that date. The issued units of LLT are not owned by the Company and are therefore presented separately in the Consolidated Statement of Financial Position within equity. Section C. Liquidity and Working Capital continued 16. Borrowings and Financing Arrangements continued