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Effective tax rate reconciliation

FY16

FY17

FY18

FY19

FY20

Gross revenue ($m)

11,150

12,584

12,816

13,246

12,160

Underlying Profit before tax ($m)

989

1,140

1,444

1,467

1,138

Underlying income tax ($m)

(287)

(338)

(426)

(427)

(322)

Non-controlling interest ($m)

(1)

0

1

4

0

Underlying Profit after tax ($m)

701

802

1,018

1,040

816

Effective tax rate

29%

29.6%

29.5%

29.1%

28.3%

Notes

  • Effective tax rate refers to AGL’s underlying income tax expense expressed as a percentage of AGL’s Underlying Profit.

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