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H3 Parent entity disclosures

Financial position of NBN Co Limited

NBN Co Limited

30 June 2019

30 June 2018

As at

$m

$m

Assets

Total current assets

1,125

1,077

Total non-current assets

31,674

27,168

Total assets

32,799

28,245

Liabilities

Total current liabilities

3,285

2,735

Total non-current liabilities

22,209

13,328

Total liabilities

25,494

16,063

Net assets

7,305

12,182

Equity

Contributed equity

29,500

29,500

Other reserves

7

4

Accumulated losses

(22,202)

(17,322)

Total equity

7,305

12,182

Financial result of NBN Co Limited

NBN Co Limited

30 June 2019

30 June 2018

For the year ended

$m

$m

Loss for the year

(4,880)

(4,776)

Total comprehensive loss for the year

(4,877)

(4,778)

Parent entity receivables and investments have been written down by a total of $4.4 million (2018: $0.9 million) to reflect the net assets of the subsidiaries. There is no impact on the consolidated position.

Commitments by the parent entity for the acquisition of property, plant and equipment Commitments disclosed in Note F3 represent the total commitment of the parent entity for the acquisition of property, plant and equipment.

Guarantees entered into by the parent entity in relation to debts of its subsidiaries
Other than the deed of cross guarantee as disclosed in Note H4, no guarantees have been entered into by the parent entity in relation to debts of its subsidiaries.

Contingent liabilities of the parent entity
The contingent liabilities disclosed in Note H5 all relate to the parent entity.