CSL Ltd Annual Report 2020

CSL Limited Annual Report 2020 137 Note 22: Parent Entity Information 2019 US$m 2018 US$m Information relating to CSL Limited (‘the parent entity’) (a) Summary financial information The individual financial statements for the parent entity show the following aggregate amounts: Current assets 310.6 336.9 Total assets 6,272.1 6,072.1 Current liabilities 323.7 42.3 Total liabilities 3,181.0 2,269.0 Contributed equity (4,014.9) (4,057.1) Foreign Currency Translation Reserve (600.4) (624.2) Retained earnings 7,706.4 8,484.4 Net Assets & Total Equity 3,091.0 3,803.1 Profit or loss for the year 93.1 461.9 Total comprehensive income 117.9 201.6 (b) Guarantees entered into by the parent entity The parent entity provides certain financial guarantees in the ordinary course of business. No liability has been recognised in relation to these guarantees as the fair value of the guarantees is immaterial. These guarantees are mainly related to all external debt facilities of the Group. In addition, the parent entity provides letters of comfort to indicate support for certain controlled entities to the amount necessary to enable those entities to meet their obligations as and when they fall due, subject to certain conditions (including that the entity remains a controlled entity). (c) Contingent liabilities of the parent entity The parent entity did not have any material contingent liabilities as at 30 June 2020 or 30 June 2019. For information about guarantees given by the parent entity, please refer above and to Note 21. (d) Contractual commitments for the acquisition of property, plant or equipment The parent entity did not have any material contractual commitments for the acquisition of property, plant and equipment as at 30 June 2020 or 30 June 2019. Note 23: Subsequent Events Other than as disclosed elsewhere in these statements, there are no matters or circumstances which have arisen since the end of the financial year which have significantly affected or may significantly affect the operations of the Group, results of those operations or the state of affairs of the Group in subsequent financial years. Note 24: New and Revised Accounting Standards New and revised standards and interpretations adopted by the Group The Group has adopted, for the first time, certain standards and amendments to accounting standards. The adoption of AASB 16 Leases and AASB Interpretation 23 Uncertainty over income tax treatments as of 1 July 2019 has been disclosed in these financial statements.