As part of preparation of the 2024/25 Annual Report for ElectricSuper, data incorporated into previous Annual Reports was reviewed.
Some errors in the reports for financial years 2021/22 – 2023/24 were identified.
The Annual Reports for each of these years have now been republished on the ElectricSuper website, along with an accompanying note that shows the incorrect figures that were reported at the time, and the correct figures that should have been included on the “Financial Details” page in each of these 3 Annual Reports.
No errors were identified in the audited and signed Financial Statements.
The tables below show the incorrect and corrected figures that should have appeared on the Financial Details page in the Annual Reports across the financial years 2021/22-2023/24.
| 2023/24 (incorrectly reported) | 2023/24 (corrected figures) | |
| During the year, what amounts did we receive? |
$m |
$m |
| What other income did we receive? | 8.4 | 0.8 |
| Total income into the fund | 231.1 | 223.5 |
| 2023/24 (incorrectly reported) | 2023/24 (corrected figures) | |
| At the end of the year | $m | $m |
| How much money did the fund have? | 1.703 | 1,703 |
| What benefits did the fund owe to members if they had all left? | 1.703 | 1,551 |
| 2022/23 (incorrectly reported) | 2022/23 (corrected figures) | |
| At the end of the year | $m | $m |
| How much money did the fund have? | 1.580 | 1,580 |
| What benefits did the fund owe to members if they had all left? | 1.485 | 1,441 |
| 2021/22 (incorrectly reported) | 2021/22 (corrected figures) | |
| At the end of the year | $m | $m |
| How much money did the fund have? | 1.487 | 1,487 |
| What benefits did the fund owe to members if they had all left? | 1.487 | 1,378 |
Note: In the 2021/2022 Annual Report, the information shown for “How much money did the fund have?” and “What benefits did the fund owe to members if they had all left?” for the previous year (2020/21) were correctly reported.
You can view the previous Annual Reports on the Resources/Forms-Publications page.