Year in review

Comprehensive loss, total equity and net cash outflows for the North East Link State Tolling Corporation (STC).

For the year ended 30 June 2023, STC’s comprehensive loss was $7.6 million (16-month period ended 30 June 2022: $4.8 million loss).

Total equity of STC as at 30 June 2023 was $370.5 million (as at 30 June 2022: $316.2 million).

The net cash outflows from operating activities for the year ended 30 June 2023 were $19.6 million (16-month period ended 30 June 2022: $0.5 million).

Year ended/16-month period ended 30 June 2022
Operating results2023 ($’000)2022 ($’000)
Interest income

141

-

Total operating income

141

-

Employee benefit expenses

(1,505)

(768)

Other operating expenses

(6,276)

(4,029)

Total operating expenses

(7,781)

(4,797)

Comprehensive result (loss)

(7,640)

(4,797)

Financial status
Total assets2,353,455871,677
Total liabilities(1,982,941)(555,393)
Total equity370,514316,284

Subsequent events

No event has arisen since 30 June 2023 that has significantly affected or may significantly affect the operations or results or state of affairs of STC (16-month period ended 30 June 2022: none).

Updated