AUB Group Limited Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023

3

OPERATING SEGMENTS (CONTINUED)

30 June 2022 New Zealand Broking $’000

Australian Broking $’000

Support Services $’000

Agencies $’000

Tysers $’000

Total $’000

Segment Financial Performance

Inter-segment revenue**

2,846

–

–

– – –

1,841

4,687

59% Less: Expenses Total underlying cost to provide services and administrative expenses* Revenue from external customers Total revenue and other income Share of Net Underlying Profits of Associates accounted for using the equity method before amortisation on broking registers and income tax expense Total income

192,659 195,505

92,120 92,120

48,524 48,524

234

333,537 338,224

2,075

42,689 238,194

2,724

1,669

– –

10,497 12,572

57,579

94,844

50,193

395,803

23%

(132,366)

(60,717)

(36,911) (1,825)

– –

(20,061)

(250,055)

Inter-segment expenses**

(2,862)

–

–

(4,687)

Interest paid and other borrowing costs

(640)

(31)

(530)

– – –

(4,309)

(5,510)

Non-controlling interest

(16,177) 86,149

(11,314) 22,782

(1,974) 8,953

–

(29,465) 106,086

Underlying Net Profit Before Tax

(11,798)

* Excludes non-operating expenses, refer to preceding table for reconciliation between statutory profit and underlying profit after tax. ** Management fees and interest on loans are recognised as revenue within the Support services segment, and as an expense within other segments.

Tysers was acquired during the year therefore no comparatives shown.

Segment Non-Current Assets The total of non-current assets other than financial instruments and deferred tax assets are provided in the following graphs. The measurement of segment non-current assets follows the accounting policies of the Group.

6%

16%

28%

13%

2023

2022

51%

10%

49%

20%

7%

Australian Broking

Agencies

New Zealand

Tysers

Support service

Intangible assets such as Goodwill, and investment in associates have been presented within the segment the respective underlying operations is contained. Disaggregated information by segment of the carrying value of associates is disclosed in Note 8.

AUB GROUP ANNUAL REPORT 2023

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