Note 19: Deed of Cross Guarantee A deed of cross guarantee was executed between CSL Limited and some of its wholly-owned entities, namely CSL Behring (Holdings) Pty Ltd, CSL Finance Pty Ltd, Seqirus (Australia) Pty Ltd, CSL Innovation Pty Ltd, Seqirus Pty Ltd, CSL Behring (Australia) Pty Ltd, Seqirus Holdings Australia Pty Ltd and CSL IP Investments Pty Ltd. Under this deed, each company guarantees the debts of the others. By entering into the deed, these specific wholly-owned entities have been relieved from the requirement to prepare a financial report and directors’ report under Class Order 2016/785 (as amended) issued by the Australian Securities and Investments Commission. The entities that are parties to the deed represent a ‘Closed Group’ for the purposes of the Class Order, and as there are no other parties to the deed of cross guarantee that are controlled by CSL Limited, they also represent the ‘Extended Closed Group’. A consolidated income statement, balance sheet and summary of movements in retained profits for the years ended 30 June 2024 and 2023 for the Closed Group is set out below. Closed Group 2024 2023 Income Statement US$m US$m Sales and service revenue 1,213 1,124 Other income 19 79 Total operating revenue 1,232 1,203 Cost of sales (865) (813) Gross profit 367 390 Dividend income 1,604 1,257 Finance income 17 16 Research and development expenses (195) (161) Selling and marketing expenses (74) (60) General, administration and other expenses (7) (125) Finance costs (100) (58) Profit before income tax expense 1,612 1,259 Income tax (expense)/recovery (10) 22 Profit for the year 1,602 1,281 142 Notes to the Financial Statements Limited Annual Report 2023/24
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