Annual Report
Data Centre
About this Report
Year in Review
Letter from the Chairman
Managing Director & CEO’s Report
Five-Year Summary
COVID-19 Response
Purpose, Values & Strategy
Operating Environment
How We Create Value
Business Value Drivers
Business Value Drivers
Customers
Communities & Relationships
People
Environment
Infrastructure
Systems & Processes
Finance
Directors’ Report
Financial Review
Financial Review
1. Financial performance
1. Financial performance
1.1. Group results summary
1.1. Group results summary
1.1.1. Reconciliation of Statutory Profit to Underlying Profit
1.1.2. Group financial performance
1.1.3. Significant items
1.1.4. Changes in fair value of financial instruments
1.2. Cash flow
1.2. Cash flow
1.2.1. Reconciliation of Underlying EBITDA to cash flow
1.2.2. Capital expenditure
1.3. Review of financial position
1.3. Review of financial position
1.3.1. Summary Statement of Financial Position
1.3.2. Net debt reconciliation
1.4. Review of operations
1.4. Review of operations
1.4.1. Customer Markets
1.4.2. Wholesale Markets
1.4.3. Group Operations
1.4.4. Centrally Managed Expenses
1.4.5. Investments
1.5. Portfolio review
1.5. Portfolio review
1.5.1. Portfolio Reporting Summary to Underlying Profit after Tax
1.5.2. Electricity portfolio
1.5.3. Gas portfolio
1.6. Consolidated financial performance by operating segment
1.7. Portfolio review reconciliation
Governance Summary
2. Governance Summary
2. Governance Summary
2.1. Board skills
2.2. Key areas of focus during FY20
Board of Directors
Board of Directors
Directors’ Interests
Company Secretaries
Dividends
Directors’ Meetings
Executive Team
Remuneration Report
3. Remuneration Report
3. Remuneration Report
Summary of FY20 performance and remuneration outcomes
3.1. Introduction
3.2. Remuneration strategy and framework
3.2. Remuneration strategy and framework
3.2.1. Remuneration mix
3.3. FY20 performance and executive remuneration outcomes
3.3. FY20 performance and executive remuneration outcomes
3.3.1. AGL five-year performance
3.3.2. Fixed remuneration approach and outcomes
3.3.3. STI approach and outcomes
3.3.4. Prior year STI awards – Restricted Shares
3.3.5. LTI approach and outcomes
3.3.6. Movement in Performance Rights
3.4. Executive remuneration disclosure
3.4. Executive remuneration disclosure
3.4.1. Statutory remuneration
3.5. Non-Executive Directors’ remuneration
3.5. Non-Executive Directors’ remuneration
3.5.1. Fee pool
3.5.2. Fee policy
3.5.3. FY20 fees
3.6. Remuneration governance
3.6. Remuneration governance
3.6.1. Role of the People & Performance Committee
3.6.2. Remuneration advisers
3.6.3. Executive contract terms
3.6.4. Equity plan governance
3.6.5. KMP share ownership
Other Required Disclosures
4. Other Required Disclosures
4. Other Required Disclosures
4.1. Changes in state of affairs
4.2. Proceedings on behalf of the company
4.3. Commercial in confidence information
4.4. Non-audit services
4.5. Rounding
4.6. Auditor’s Independence Declaration
4.7. Indemnification and insurance of officers
4.8. Subsequent events
4.9. Non-IFRS Financial Information
4.10. Corporate governance
4.11. Environmental regulation
Approval of Directors’ Report
Financial Report
Consolidated Statement of Profit or Loss
Consolidated Statement of Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to the Consolidated Financial Statements
1. Segment information
2. Revenue
3. Other income
4. Expenses
5. Depreciation and amortisation
6. Net financing costs
7. Income tax
8. Dividends
9. Trade and other receivables
10. Inventories
11. Other financial assets
12. Other assets
13. Investments in associates and joint ventures
14. Property, plant and equipment
15. Intangible assets
16. Trade and other payables
17. Borrowings
18. Provisions
19. Other financial liabilities
20. Other liabilities
21. Issued capital
22. Earnings per share
23. Commitments
23. Commitments
23.a. Capital expenditure commitments
23.b. Joint venture commitments
24. Contingent liabilities
25. Remuneration of auditors
26. Subsidiaries
27. Acquisition of subsidiaries and businesses
28. Disposal of subsidiaries and businesses
29. Joint operations
30. Deeds of cross guarantee
31. Defined benefit superannuation plans
32. Share-based payment plans
33. Related party disclosures
34. Cash and cash equivalents
34. Cash and cash equivalents
34.a. Reconciliation to cash flow statement
34.b. Reconciliation of profit for the year to net cash flows from operating activities
34.c. Reconciliation of changes in liabilities arising from financing activities
35. Financial instruments
35. Financial instruments
35.a. Classes and categories of financial instruments and their fair values
35.b. Fair value measurements
35.c. Capital risk management
35.d. Financial risk management
35.e. Interest rate risk management
35.f. Foreign currency risk management
35.g. Energy price risk management
35.h. Hedge effectiveness
35.i. Credit risk management
35.j. Liquidity risk management
36. Parent entity information
37. Summary of other significant accounting policies
37. Summary of other significant accounting policies
37.a. Statement of compliance
37.b. Basis of preparation
37.c. Adoption of new and revised accounting standards and Interpretations
37.d. Basis of consolidation
37.e. Foreign currency transactions and balances
37.f. Standards and Interpretations on issue not yet adopted
38. Subsequent events
Directors’ Declaration
Auditor's Independence Declaration
Independent Auditor's Report of the Financial Report
Independent Auditor's Report on Business Value Drivers
Other Information
Shareholding Information
Shareholding Information
Distribution schedule of ordinary shares
Substantial shareholders of AGL
Shareholdings by geographic region
20 largest holders of ordinary shares
Investor Information
Website access
Share Registry
Final share dividend
Dividend Reinvestment Plan
On-market share buy-back and shares purchased on-market
Reporting to shareholders
Change of name, address or banking details
Tax File Number (TFN)/Australian Business Number (ABN)
Consolidation of shareholdings
Company Secretaries
Glossary for the Business Value Drivers
Corporate Directory and Financial Calendar
ANNUAL REPORT
DATA CENTRE
About this Report
Year in Review
Letter from the Chairman
Managing Director & CEO’s Report
Five-Year Summary
COVID-19 Response
Purpose, Values & Strategy
Operating Environment
How We Create Value
Business Value Drivers
Business Value Drivers
Customers
Communities & Relationships
People
Environment
Infrastructure
Systems & Processes
Finance
Directors’ Report
Financial Review
Financial Review
1. Financial performance
1.1. Group results summary
1.1.1. Reconciliation of Statutory Profit to Underlying Profit
1.1.2. Group financial performance
1.1.3. Significant items
1.1.4. Changes in fair value of financial instruments
1.2. Cash flow
1.2.1. Reconciliation of Underlying EBITDA to cash flow
1.2.2. Capital expenditure
1.3. Review of financial position
1.3.1. Summary Statement of Financial Position
1.3.2. Net debt reconciliation
1.4. Review of operations
1.4.1. Customer Markets
1.4.2. Wholesale Markets
1.4.3. Group Operations
1.4.4. Centrally Managed Expenses
1.4.5. Investments
1.5. Portfolio review
1.5.1. Portfolio Reporting Summary to Underlying Profit after Tax
1.5.2. Electricity portfolio
1.5.3. Gas portfolio
1.6. Consolidated financial performance by operating segment
1.7. Portfolio review reconciliation
Governance Summary
2. Governance Summary
2.1. Board skills
2.2. Key areas of focus during FY20
Board of Directors
Board of Directors
Directors’ Interests
Company Secretaries
Dividends
Directors’ Meetings
Executive Team
Remuneration Report
3. Remuneration Report
Summary of FY20 performance and remuneration outcomes
3.1. Introduction
3.2. Remuneration strategy and framework
3.2.1. Remuneration mix
3.3. FY20 performance and executive remuneration outcomes
3.3.1. AGL five-year performance
3.3.2. Fixed remuneration approach and outcomes
3.3.3. STI approach and outcomes
3.3.4. Prior year STI awards – Restricted Shares
3.3.5. LTI approach and outcomes
3.3.6. Movement in Performance Rights
3.4. Executive remuneration disclosure
3.4.1. Statutory remuneration
3.5. Non-Executive Directors’ remuneration
3.5.1. Fee pool
3.5.2. Fee policy
3.5.3. FY20 fees
3.6. Remuneration governance
3.6.1. Role of the People & Performance Committee
3.6.2. Remuneration advisers
3.6.3. Executive contract terms
3.6.4. Equity plan governance
3.6.5. KMP share ownership
Other Required Disclosures
4. Other Required Disclosures
4.1. Changes in state of affairs
4.2. Proceedings on behalf of the company
4.3. Commercial in confidence information
4.4. Non-audit services
4.5. Rounding
4.6. Auditor’s Independence Declaration
4.7. Indemnification and insurance of officers
4.8. Subsequent events
4.9. Non-IFRS Financial Information
4.10. Corporate governance
4.11. Environmental regulation
Approval of Directors’ Report
Financial Report
Consolidated Statement of Profit or Loss
Consolidated Statement of Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to the Consolidated Financial Statements
1. Segment information
2. Revenue
3. Other income
4. Expenses
5. Depreciation and amortisation
6. Net financing costs
7. Income tax
8. Dividends
9. Trade and other receivables
10. Inventories
11. Other financial assets
12. Other assets
13. Investments in associates and joint ventures
14. Property, plant and equipment
15. Intangible assets
16. Trade and other payables
17. Borrowings
18. Provisions
19. Other financial liabilities
20. Other liabilities
21. Issued capital
22. Earnings per share
23. Commitments
23.a. Capital expenditure commitments
23.b. Joint venture commitments
24. Contingent liabilities
25. Remuneration of auditors
26. Subsidiaries
27. Acquisition of subsidiaries and businesses
28. Disposal of subsidiaries and businesses
29. Joint operations
30. Deeds of cross guarantee
31. Defined benefit superannuation plans
32. Share-based payment plans
33. Related party disclosures
34. Cash and cash equivalents
34.a. Reconciliation to cash flow statement
34.b. Reconciliation of profit for the year to net cash flows from operating activities
34.c. Reconciliation of changes in liabilities arising from financing activities
35. Financial instruments
35.a. Classes and categories of financial instruments and their fair values
35.b. Fair value measurements
35.c. Capital risk management
35.d. Financial risk management
35.e. Interest rate risk management
35.f. Foreign currency risk management
35.g. Energy price risk management
35.h. Hedge effectiveness
35.i. Credit risk management
35.j. Liquidity risk management
36. Parent entity information
37. Summary of other significant accounting policies
37.a. Statement of compliance
37.b. Basis of preparation
37.c. Adoption of new and revised accounting standards and Interpretations
37.d. Basis of consolidation
37.e. Foreign currency transactions and balances
37.f. Standards and Interpretations on issue not yet adopted
38. Subsequent events
Directors’ Declaration
Auditor's Independence Declaration
Independent Auditor's Report of the Financial Report
Independent Auditor's Report on Business Value Drivers
Other Information
Shareholding Information
Shareholding Information
Distribution schedule of ordinary shares
Substantial shareholders of AGL
Shareholdings by geographic region
20 largest holders of ordinary shares
Investor Information
Website access
Share Registry
Final share dividend
Dividend Reinvestment Plan
On-market share buy-back and shares purchased on-market
Reporting to shareholders
Change of name, address or banking details
Tax File Number (TFN)/Australian Business Number (ABN)
Consolidation of shareholdings
Company Secretaries
Glossary for the Business Value Drivers
Corporate Directory and Financial Calendar
Sitemap
2020 Reporting Centre
2020 Annual Report
About this Report
Year in Review
Letter from the Chairman
Managing Director & CEO’s Report
Five-Year Summary
COVID-19 Response
Purpose, Values & Strategy
Operating Environment
How We Create Value
Business Value Drivers
Customers
Communities & Relationships
People
Environment
Infrastructure
Systems & Processes
Finance
Directors’ Report
Financial Review
1. Financial performance
Governance Summary
2. Governance Summary
Board of Directors
Directors’ Interests
Company Secretaries
Dividends
Directors’ Meetings
Executive Team
Remuneration Report
3. Remuneration Report
Other Required Disclosures
4. Other Required Disclosures
Financial Report
Consolidated Statement of Profit or Loss
Consolidated Statement of Comprehensive Income
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
Consolidated Statement of Cash Flows
Notes to the Consolidated Financial Statements
1. Segment information
2. Revenue
3. Other income
4. Expenses
5. Depreciation and amortisation
6. Net financing costs
7. Income tax
8. Dividends
9. Trade and other receivables
10. Inventories
11. Other financial assets
12. Other assets
13. Investments in associates and joint ventures
14. Property, plant and equipment
15. Intangible assets
16. Trade and other payables
17. Borrowings
18. Provisions
19. Other financial liabilities
20. Other liabilities
21. Issued capital
22. Earnings per share
23. Commitments
24. Contingent liabilities
25. Remuneration of auditors
26. Subsidiaries
27. Acquisition of subsidiaries and businesses
28. Disposal of subsidiaries and businesses
29. Joint operations
30. Deeds of cross guarantee
31. Defined benefit superannuation plans
32. Share-based payment plans
33. Related party disclosures
34. Cash and cash equivalents
35. Financial instruments
36. Parent entity information
37. Summary of other significant accounting policies
38. Subsequent events
Directors’ Declaration
Auditor's Independence Declaration
Independent Auditor's Report of the Financial Report
Independent Auditor's Report on Business Value Drivers
Other Information
Shareholding Information
Distribution schedule of ordinary shares
Substantial shareholders of AGL
Shareholdings by geographic region
20 largest holders of ordinary shares
Investor Information
Website access
Share Registry
Final share dividend
Dividend Reinvestment Plan
On-market share buy-back and shares purchased on-market
Reporting to shareholders
Change of name, address or banking details
Tax File Number (TFN)/Australian Business Number (ABN)
Consolidation of shareholdings
Company Secretaries
Glossary for the Business Value Drivers
Corporate Directory and Financial Calendar
Data Centre
