Other investments

12 Months Ended

Jun. 30, 2024

13. Other investments

Accounting policies

Other investments are equity investments that are not classified as investments in associates or joint arrangements nor investments in

subsidiaries. They are included in non-current assets. Subsequent to initial measurement, other investments are stated at fair value.

Gains and losses arising from the changes in fair value are recognised in the income statement or in other comprehensive income on a

case-by-case basis. Accumulated gains and losses included in other comprehensive income are not recycled to the income statement.

Dividends from other investments are recognised in the consolidated income statement.

Loans receivable are non-derivative financial assets that are not classified as equity investments. They are subsequently measured

either at amortised cost using the effective interest method less allowance for impairment or at fair value with gains and losses arising

from changes in fair value recognised in the income statement or in other comprehensive income that are recycled to the income

statement on the de-recognition of the asset. Allowances for expected credit losses are made based on the risk of non-payment taking

into account ageing, previous experience, economic conditions and forward-looking data. Such allowances are measured as either 12-

months expected credit losses or lifetime expected credit losses depending on changes in the credit quality of the counterparty.


	Loans $ million	Other investments $ million	Total $ million
Cost less allowances or fair value
At 30 June 2022 (re-presented)	21	24	45
Additions	23	11	34
Repayments and disposals	(3)	—	(3)
Fair value adjustment	—	(5)	(5)
Capitalised interest	2	—	2
Impairment charged during the year	—	(2)	(2)
At 30 June 2023 (re-presented)	43	28	71
Additions	18	9	27
Repayments and disposals	(17)	—	(17)
Fair value adjustment	—	(3)	(3)
Capitalised interest	5	—	5
Impairment reversed/(charged) during the year	14	(3)	11
At 30 June 2024	63	31	94

At 30 June 2024, loans comprise $6 million (2023 – $7 million; 2022 – $7 million) of loans to customers and other third parties,

after allowances of $138 million (2023 – $152 million; 2022 – $156 million), and $57 million (2023 – $36 million; 2022 – $14

million) of loans to associates.