ClearView Annual report 2024

Consolidated statement of financial position

As at 30 June 2024

Consolidated

Company

30 June 2024 30 June 2023 $'000 $'000 $'000 $'000 $'000 30 June 2023 1 July 2022 30 June 2024

Note

Assets

Restated 1

Restated 1

Cash and cash equivalents

78,206

94,522 150,735

13,593

13,929

Investments Receivables

3.3 423,709 394,885 2,289,624 443,822 443,822

3.1

31,305

22,384

27,302

8,561

9,915

Assets held for sale Fixed interest deposits

8.5 1,870,549 1,926,893

— 11,956

22,911

22,897

2,897

— — —

— — —

Insurance contract assets Reinsurance contract assets

5.5

122,612

85,339 124,674

5.6 189,549 138,520 109,180

Deferred tax asset

2.7

48,922

46,633

47,766

3,100

291

Property, plant and equipment

711

647

468

— —

— —

Right-of-use assets

9.3 8.2

4,879

7,839

10,456 13,734 12,511 17,368

Investment in associate

— 13,440

— 13,440

Goodwill

4.1 4.1

4,011

4,011

— —

— —

Intangible assets

31,749

24,107

2,829,113 2,782,117 2,806,715 469,076 493,353

Total assets Liabilities Payables

3.2 2.7

11,782 5,953

21,561 12,550

21,123 1,425

4,313 5,953

2,486 12,550

Current tax liabilities

Liabilities directly associated with assets held for sale

8.5 1,870,347 1,908,908

— 18 — — — —

Provisions

4.3 9.3

5,377 5,577

7,834 8,598

6,119 11,160

28

Lease liabilities

— — — —

Insurance contract liabilities Reinsurance contract liabilities Life investment contract liabilities Liability to non-controlling interest in controlled unit trusts

5.5 459,981

330,232

319,912 18,078

5.6 5.4

9,971

7,897

312

325 1,295,378

— 645,612

Deferred tax liabilities

2.7 6.5

1,108

585

606

35

35

Borrowings

31,000 16,000 16,000 31,000 16,000

Subordinated debt

6.4 74,543

74,200 73,857

74,543

74,200

2,475,951 2,388,690 2,409,270 115,862 105,299 353,162 393,427 397,445 353,214 388,054

Total liabilities

Net assets

Equity Issued capital Retained losses

6.1

470,060 466,843 466,655 472,377 469,250

6.2 (122,304)

(80,108)

(75,772)

(126,334)

(111,647)

Share based payments reserve

6.2 6.2

5,406

6,692

6,562

3,089

4,285 26,166

Profit reserve Total equity

— 4,082

353,162 393,427 397,445 353,214 388,054

1 The comparative consolidated statement of financial position has been restated to reflect the retrospective application of AASB 17 Insurance Contracts. To be read in conjunction with the accompanying Notes.

79

ClearView Wealth Limited

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