¹ Operating profit comprises profit attributable to Securityholders adjusted for property valuations, derivative and foreign currency mark to market and other non-cash or non-recurring items.
² Operating EPS is calculated using operating profit and weighted average diluted securities of 1,879.0 million which includes 15.3 million LTIP securities which have achieved the required performance hurdles and vest in September 2022 and September 2023.
³ Statutory profit includes the Group’s share of valuation gains, non-cash items and derivative and mark to market improvements.
⁴ Gearing is calculated as total interest bearing liabilities over total assets, both net of cash and the fair values of certain derivative financial instruments included in other financial assets of $133.3 million (30 June 2021: $134.1 million). Total interest bearing liabilities are grossed up for the fair values of certain derivative financial instruments included in other financial liabilities of $79.6 million (30 June 2021: $62.3 million).
⁵ Includes available liquidity across the Group and Partnerships. Partnership investments are subject to Investment Committee approval.
⁶ Partnership industrial and warehouse assets (excludes office properties which have been earmarked for redevelopment) and represents 97% of Partnership assets.
⁷ Science Based Targets initiative.