Note 20: 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 2025 and 2024 for the Closed Group is set out below. Closed Group 2025 2024 Income Statement US$m US$m Sales and service revenue 1,343 1,213 Influenza pandemic facility reservation fees 20 20 Royalties and license revenue 189 235 Other income 24 19 Total operating revenue 1,576 1,487 Cost of sales (965) (865) Gross profit 611 622 Dividend income 1,161 1,604 Finance income 10 17 Research and development expenses (189) (195) Selling and marketing expenses (70) (74) General, administration and other expenses (184) (262) Finance costs (76) (100) Profit before income tax expense 1,263 1,612 Income tax expense (6) (10) Profit for the year 1,257 1,602 Certain comparative amounts have been reclassified in order to be consistent with the current year's presentation. The overall impact of such reclassifications had no impact on net profit. 126 Notes to the Financial Statements 126 Financial Report
RkJQdWJsaXNoZXIy MjE2NDg3