EnergyAustralia today announced it has released its 2023 Tax Contribution Report covering the year ending 31 December 2022 under the Australian Government’s Tax Transparency Code.
EnergyAustralia’s Interim Chief Financial Officer Hamish Irving said: “We are committed to providing the transparency asked of us through the Tax Transparency Code.
“2022 was a difficult year for EnergyAustralia with an unforeseen energy crisis stemming from soaring wholesale prices, coal supply shortages and disruptions in ageing power generation facilities. As a result, we reported a financial loss for the year and a net tax loss position which aligns with the economic loss.
“We continue to focus on strengthening EnergyAustralia’s operational and financial performance while building out and investing in a diversified generation portfolio of renewable and firming assets, as well as behind-the-meter solutions.”
EnergyAustralia 2023 Tax Contribution Report – Key Disclosures
In 2017, EnergyAustralia was the first energy provider in Australia to commit to the Tax Transparency Code. A full copy of EnergyAustralia’s 2023 Tax Contribution Report can be found on the company’s website.