Consolidated Entity 2025 2024 Notes US$m US$m CURRENT ASSETS Cash and cash equivalents 11 2,157 1,657 Receivables and contract assets 14 3,141 2,895 Inventories 5 6,466 5,964 Current tax assets 86 126 Assets held for sale 2 — 126 Total Current Assets 11,850 10,768 NON-CURRENT ASSETS Property, plant and equipment 9 8,333 8,148 Right-of-use assets 9 1,464 1,510 Intangible assets 8 16,185 16,346 Deferred tax assets 4 1,091 911 Retirement benefit assets 17 89 18 Other financial assets 11 203 163 Other non-current assets 14 189 158 Total Non-Current Assets 27,554 27,254 TOTAL ASSETS 39,404 38,022 CURRENT LIABILITIES Trade and other payables 14 3,461 3,345 Interest-bearing liabilities and borrowings 11 804 944 Current tax liabilities 280 176 Provisions 15 270 475 Liabilities held for sale 2 — 10 Total Current Liabilities 4,815 4,950 NON-CURRENT LIABILITIES Interest-bearing liabilities and borrowings 11 10,694 11,239 Retirement benefit liabilities 17 308 282 Deferred tax liabilities 4 1,510 1,514 Provisions 15 155 186 Other non-current liabilities 14 515 450 Total Non-Current Liabilities 13,182 13,671 TOTAL LIABILITIES 17,997 18,621 NET ASSETS 21,407 19,401 EQUITY Contributed equity 12 574 557 Reserves 12 1,017 794 Retained earnings 18 17,744 16,012 Equity attributable to shareholders of CSL Limited 19,335 17,363 Non-controlling interests 22 2,072 2,038 TOTAL EQUITY 21,407 19,401 The consolidated balance sheet should be read in conjunction with the accompanying notes. 91 Consolidated Balance Sheet As at 30 June 2025 As at 30 June 2025 91 CSL Limited Annual Report 2024/25
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