Relationships
Effective tax rate reconciliation
FY19 | FY20 | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|
Gross revenue ($m) | 13,246 | 12,160 | 10,942 | 13,220 | 14,157 |
Underlying Profit before tax ($m) | 1,467 | 1,138 | 734 | 284 | 375 |
Underlying income tax ($m) | (427) | (322) | (199) | (66) | (100) |
Non-controlling interest ($m) | 4 | 0 | (1) | 7 | 6 |
Underlying Profit after tax ($m) | 1,040 | 816 | 537 | 225 | 281 |
Effective tax rate | 29.1% | 28.3% | 27.0% | 23.2% | 26.7% |
Notes
Effective tax rate refers to underlying income tax expense expressed as a percentage of Underlying Profit.