21 Subsidiaries
|
Name of Entity |
Country of Incorporation |
% Ownership |
|
|---|---|---|---|
|
2019 |
2018 |
||
|
Parent Entity |
|||
|
Snowy Hydro Limited (b) |
Australia |
- |
- |
|
Controlled Entities |
|||
|
Snowy Hydro Trading Pty Ltd (c) |
Australia |
100 |
100 |
|
Red Energy Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Latrobe Valley BV (c) |
Netherlands |
100 |
100 |
|
Valley Power Pty Ltd (c) |
Australia |
100 |
100 |
|
Contact Peaker Australia Pty Ltd (c) |
Australia |
100 |
100 |
|
Lumo Energy Australia Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Lumo Energy (NSW) Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Lumo Energy (Qld) Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Lumo Energy (SA) Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Lumo Energy Telecommunications Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Lumo Generation NSW Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Lumo Generation SA Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Emagy Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
TFI Partners Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Direct Connect Australia Pty Ltd (a) (c) |
Australia |
100 |
100 |
|
Connection Media Pty Ltd (a) (c) |
Australia |
100 |
100 |
(a) Entities which have entered into a deed of cross guarantee with Snowy Hydro pursuant to ASIC Class Order 2016/785 and are relieved from the requirement to prepare and lodge audited financial reports.
(b) Snowy Hydro Limited is the head entity within the tax consolidated group.
(c) These companies are members of the tax consolidated group.
The consolidated statement of profit or loss and consolidated statement of financial position of the entities which are party to the deed of cross guarantee are:
Statement of profit or loss
|
$million |
2019 |
Restated* 2018 |
|
|---|---|---|---|
|
Revenue |
2,813.0 |
2,770.6 |
|
|
Interest income |
0.9 |
0.8 |
|
|
Other income |
9.3 |
9.0 |
|
|
Direct costs of revenue |
(1,792.8) |
(1,588.4) |
|
|
Consumables and supplies |
(70.3) |
(69.8) |
|
|
Employee benefits expense |
(214.3) |
(209.4) |
|
|
Depreciation and amortisation expense |
(129.8) |
(129.8) |
|
|
Finance costs |
(35.0) |
(42.8) |
|
|
Impairment loss recognised on trade receivables |
(22.3) |
(20.6) |
|
|
Other expenses |
(118.3) |
(121.3) |
|
|
Loss on the fair value of financial instruments |
15.7 |
(212.7) |
|
|
Profit before income tax expense |
456.1 |
385.6 |
|
|
Income tax expense |
(137.7) |
(115.3) |
|
|
Profit attributable to the owners of the parent entity |
318.4 |
270.3 |
*The prior period financial information has been restated, as described in Note 2 of the Financial Statements.
Statement of financial position
|
$million |
2019 |
Restated* 2018 |
|
|---|---|---|---|
|
Current assets |
|||
|
Cash and cash equivalents |
43.0 |
32.7 |
|
|
Trade and other receivables |
461.2 |
428.8 |
|
|
Inventories |
22.8 |
20.0 |
|
|
Other financial assets |
148.8 |
149.4 |
|
|
Other current assets |
62.4 |
38.0 |
|
|
Total current assets |
738.2 |
668.9 |
|
|
Non-current assets |
|||
|
Deferred tax assets |
190.4 |
165.2 |
|
|
Goodwill and other intangible assets |
568.6 |
578.9 |
|
|
Property, plant and equipment |
2,411.2 |
1,912.9 |
|
|
Other financial assets |
101.6 |
120.8 |
|
|
Investments in subsidiaries |
95.1 |
95.1 |
|
|
Other non-current assets |
122.2 |
- |
|
|
Total non-current assets |
3,489.1 |
2,872.9 |
|
|
Total assets |
4,227.3 |
3,541.8 |
|
$million |
2019 |
Restated* 2018 |
|
|---|---|---|---|
|
Current liabilities |
|||
|
Trade and other payables |
338.1 |
292.9 |
|
|
Interest bearing liabilities |
8.9 |
10.4 |
|
|
Provisions |
64.4 |
41.2 |
|
|
Other financial liabilities |
184.0 |
143.9 |
|
|
Income tax payable |
10.5 |
70.0 |
|
|
Total current liabilities |
605.9 |
558.4 |
|
|
Non-current liabilities |
|||
|
Interest bearing liabilities |
1,300.5 |
775.1 |
|
|
Provisions |
55.7 |
50.7 |
|
|
Other financial liabilities |
130.3 |
15.3 |
|
|
Total non-current liabilities |
1,486.5 |
841.1 |
|
|
Total liabilities |
2,092.4 |
1,399.5 |
|
|
Net assets |
2,134.9 |
2,142.3 |
|
|
Equity |
|||
|
Issued capital |
816.1 |
816.1 |
|
|
Reserves |
(97.2) |
(13.4) |
|
|
Retained profits |
1,416.0 |
1,339.6 |
|
|
Total equity |
2,134.9 |
2,142.3 |
*The prior period financial information has been restated, as described in Note 2 of the Financial Statements.
Visit
https://www.transparency.gov.au/annual-reports/snowy-hydro-limited/reporting-year/2018-2019-68