Hutchison Telecommunications (Australia) Limited (ASX: $HTA) has released its Appendix 4E and Annual Financial Report for the year ended 31 December 2023. The report encompasses the financial performance, revenue, operating expenses, and net loss for the year. HTA's principal activity is the ownership of a combined 25.05% equity interest in TPG Telecom Limited. Additionally, the report provides details about the Board of Directors, meetings, and corporate governance policies.
The comprehensive financial report released by HTA provides stakeholders with a detailed understanding of the company's financial performance, governance, and key management personnel. It includes statutory performance indicators, share-based compensation, shareholdings, auditor's independence declaration, consolidated financial statements, remuneration report, material accounting policies, revenue, operating expenses, impairment of investment accounted for using the equity method, income tax, loss per share, director compensation, remuneration of auditors, and current and non-current assets.
Hutchison Telecommunications (Australia) Limited's (HTA) Annual Financial Report for the year ended 31 December 2023 provides insights into the company's financial performance, governance, and key management personnel. The report covers movements in the carrying value of investments, market value of the Group's interests in TPG, dividend income received from TPG, and summarised financial information related to the profit or loss and other comprehensive income of the Group's equity-accounted investments. It also includes details about non-current assets, investment accounted for using the equity method, controlled entity, current liabilities, payables, other financial liabilities, contributed equity, reserves and accumulated losses, reconciliation of loss after income tax to net cash inflows from operating activities, contingencies, commitments, related party transactions, deed of cross guarantee, segment reporting, financial risk management, and events occurring after the reporting date. The report also encompasses the Directors' Declaration and the Independent Auditor's Report, providing stakeholders with a comprehensive understanding of HTA's financial position and operations. The company's primary objectives when managing capital, exposure to financial risks, and the responsibility of the Directors for the preparation of the financial report are also outlined. The Independent Auditor's Report confirms compliance with the Corporations Act 2001 and Australian Accounting Standards. The Directors' Declaration affirms HTA's ability to pay its debts as and when they become due and payable. The report also includes additional details such as the Corporate Directory, Investor Relations contact information, Registered Office details, Share Registry information, details of the Auditor, Securities Exchange Listing, and Notice of Annual General Meeting, offering stakeholders a complete overview of HTA's corporate structure and upcoming events.