Notes to the Financial Statements
The financial information reflecting the discontinued operations is as follows:
Consolidated
2024 $'000
2023
$'000
a) Results of discontinued operations Revenue
194,582 (207,551) (12,969) (4,408) (17,377) (2,072)
225,619 (221,711) 3,908 (7,748) (3,840)
Expenses
(Loss)/profit before income tax Income tax (expense)/benefit
Loss for the period from discontinued operations
Loss on sale of discontinued operations after income tax (see c) below) (Loss)/profit from discontinued operations attributable to equity holders of the parent
—
(19,449)
(3,840)
Earnings per share from discontinued operations Basic (cent per share)
(3.03) (3.03)
(0.60) (0.60)
Diluted (cent per share)
b) Cash flows from discontinued operations Net cash (utilised)/generated by operating activities
(25,751) 150,800 (129,830)
22,107
Net cash generated by investing activities Net cash utilised by financing activities
140,301
(159,394)
(4,781)
3,014
Net cash flows for the period from discontinued operations
c) Details of sale of discontinued operations Consideration received: Cash
4,850 4,850 (5,173)
— — — — — — — —
Total disposal consideration
Carrying amount of net assets sold
173
Net asset adjustments 1
(1,922) (2,072)
Transaction costs 2
Loss on sale before income tax
Income tax benefit
—
(2,072)
Loss on sale after income tax
1 Net asset adjustments, which relate to the actual net asset of CFML exceeding $5m at the date of sale, are expected to be finalised in 1H FY25. 2 Costs associated with the sale of CFML.
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ClearView Wealth Limited
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