Communities & Relationships
Effective tax rate reconciliation
FY17 | FY18 | FY19 | FY20 | FY21 | |
---|---|---|---|---|---|
Gross revenue ($m) | 12,584 | 12,816 | 13,246 | 12,160 | 10,942 |
Underlying Profit before tax ($m) | 1,140 | 1,444 | 1,467 | 1,138 | 734 |
Underlying income tax ($m) | (338) | (426) | (427) | (322) | (199) |
Non-controlling interest ($m) | 0 | 1 | 4 | 0 | (1) |
Underlying Profit after tax ($m) | 802 | 1,018 | 1,040 | 816 | 537 |
Effective tax rate | 29.6% | 29.5% | 29.1% | 28.3% | 27.0% |
Notes
Effective tax rate refers to AGL Energy’s underlying income tax expense expressed as a percentage of AGL Energy’s Underlying Profit.