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Income tax expense (Tables) | 12 Months Ended
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Jun. 30, 2024
Major components of tax expense (income) [abstract] |
Reconciliation of Income Tax Expense and Tax at the Statutory Rate |
| Consolidated |
| Year ended 30 June 2024 |  | Year ended 30 June 2023 |  | Year ended 30 June 2022 |
| US$’000 |  | US$’000 |  | US$’000 |
Numerical reconciliation of income tax expense and tax at the statutory rate |  |  |  |  |  |
Loss before income tax expense | (25,502) |  |  | (169,481) |  |  | (417,046) |  |
Tax at the statutory tax rate of 30% (2023: 30%, 2022: 30%) | (7,650) |  |  | (50,844) |  |  | (125,114) |  |
Tax effect amounts which are not deductible in calculating taxable income: |  |  |  |  |
Non-deductible/non-allowable items | 8,793 |  |  | 4,756 |  |  | 128,643 |  |
| 1,143 |  |  | (46,088) |  |  | 3,529 |  |
Current year tax losses not recognized | 1,207 |  |  | 28,349 |  |  | 534 |  |
Recognition of previously unrecognized tax losses | 12 |  |  | - |  |  | (1,019) |  |
Derecognition of previously recognized tax losses | 860 |  |  | - |  |  | - |  |
Difference in overseas tax rates | (315) |  |  | 1,979 |  |  | 203 |  |
Current year temporary differences not recognized | 535 |  |  | - |  |  | - |  |
Prior year tax over/(under) provisions | (296) |  |  | (212) |  |  | (523) |  |
Deconsolidation of Non-recourse SPVs | - |  |  | 18,362 |  |  | - |  |
Other | 307 |  |  | - |  |  | - |  |
Income tax expense | 3,453 |  |  | 2,390 |  |  | 2,724 |  |
Income Tax Expense |
| Consolidated |
| Year ended 30 June 2024 |  | Year ended 30 June 2023 |  | Year ended 30 June 2022 |
| US$’000 |  | US$’000 |  | US$’000 |
Income tax expense |  |  |  |  |  |
Current tax expense/(benefit) | 1,709 |  |  | (1,013) |  |  | 672 |  |
Deferred tax expense | 1,744 |  |  | 3,403 |  |  | 2,052 |  |
Income tax expense | 3,453 |  |  | 2,390 |  |  | 2,724 |  |
Unrecognized Deferred Tax Assets |
| Consolidated |
| 30 June 2024 |  | 30 June 2023 |  | 30 June 2022 |
| US$’000 |  | US$’000 |  | US$’000 |
Unrecognized deferred tax assets |  |  |  |  |  |
Available tax losses | 155,608 |  |  | 136,849 |  |  | 19,268 |  |
Tax effect at the applicable tax rate for each jurisdiction | 41,750 |  |  | 39,238 |  |  | 5,117 |  |
Deferred tax asset on tax losses recognized to the extent of taxable temporary differences | 19,148 |  |  | 10,761 |  |  | 3,854 |  |
Deferred tax asset on losses not recognized | 22,602 |  |  | 28,477 |  |  | 1,263 |  |
Disclosure of temporary difference, unused tax losses and unused tax credits | The following are the deferred tax assets and liabilities recognized by the Group and movements during the years ended 30 June 2024 and 30 June 2023:
| Tax losses |  | Employee benefits |  | Property, plant and equipment |  | Unrealized foreign exchange losses |  | Capital raising costs |  | Other deferred tax assets |  | Total |
| US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |
Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Movement in balances |  |  |  |  |  |  |  |  |  |  |  |  |  |
As at 1 July 2022 | 3,854 |  |  | 113 |  |  | 15 |  |  | 725 |  |  | 4,627 |  |  | 1,222 |  |  | 10,556 |  |
(Charge)/credit to profit or loss | 6,907 |  |  | (381) |  |  | (15) |  |  | (691) |  |  | (666) |  |  | 1,117 |  |  | 6,271 |  |
As at 30 June 2023 | 10,761 |  |  | (268) |  |  | - |  |  | 34 |  |  | 3,961 |  |  | 2,339 |  |  | 16,827 |  |
Offset against deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |  | (16,819) |  |
As at 30 June 2023 |  |  |  |  |  |  |  |  |  |  |  |  | 8 |  |
As at 1 July 2023 | 10,761 |  |  | (268) |  |  | - |  |  | 34 |  |  | 3,961 |  |  | 2,339 |  |  | 16,827 |  |
(Charge)/credit to profit or loss | 8,391 |  |  | 152 |  |  | - |  |  | 702 |  |  | (1,701) |  |  | 1,654 |  |  | 9,198 |  |
(Charge)/credit to equity |  |  |  |  |  |  |  |  | - |  |  |  |  | - |  |
As at 30 June 2024 | 19,152 |  |  | (116) |  |  | - |  |  | 736 |  |  | 2,260 |  |  | 3,993 |  |  | 26,025 |  |
Offset against deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |  | (26,025) |  |
As at 30 June 2024 |  |  |  |  |  |  |  |  |  |  |  |  | - |  |
| Property, plant and equipment |  | Unrealized foreign exchange gains |  | Other deferred tax liabilities |  | Total |
| US$’000 |  | US$’000 |  | US$’000 |  | US$’000 |
Deferred tax liabilities |  |  |  |  |  |  |  |
Movement in balances |  |  |  |  |  |  |  |
As at 1 July 2022 | (4,692) |  |  | (3,471) |  |  | (347) |  |  | (8,510) |  |
(Charge)/credit to profit or loss | (7,426) |  |  | (1,540) |  |  | (708) |  |  | (9,674) |  |
As at 30 June 2023 | (12,118) |  |  | (5,011) |  |  | (1,055) |  |  | (18,184) |  |
Offset against deferred tax assets |  |  |  |  |  |  | 16,819 |  |
As at 30 June 2023 |  |  |  |  |  |  | (1,365) |  |
As at 1 July 2023 | (12,118) |  |  | (5,011) |  |  | (1,055) |  |  | (18,184) |  |
(Charge)/credit to profit or loss | (12,455) |  |  | 2,227 |  |  | (738) |  |  | (10,966) |  |
As at 30 June 2024 | (24,573) |  |  | (2,784) |  |  | (1,793) |  |  | (29,150) |  |
Offset against deferred tax assets |  |  |  |  |  |  | 26,025 |  |
As at 30 June 2024 |  |  |  |  |  |  | (3,125) |  |

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- Definition The tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
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