Financial Report MLC Super Fund Abridged Financial Information – Income Statement For the year ended 30 June 2023 2022 2023 $m $m Superannuation activities Interest income 21 6 Distribution income 1,651 3,032 Rebates received 4 8 Net changes in fair value of investments 5,226 (5,832) Other income 31 27 Total revenue/(loss) 6,933 (2,759) Expenses Administration expenses 293 316 Investment expenses 156 153 Other operating expenses 22 17 Total expenses 471 486 Profit/(loss) from operating activities 6,462 (3,245) Add/(less): Net benefits allocated to defined contribution member accounts (5,960) 2,207 Add: Net change in defined benefit member liabilities ( 125) 400 Profit/(loss) before income tax 377 ( 638) Income tax expense/(benefit) 376 (5 76) Profit/(loss) after income tax 1 (62) MLC Super Fund 2023 Annual Report | 19