112 Consolidated  Notes to the  Financial  Statements Note 46 – Deed of cross guarantee Pursuant to ASIC Class Order 98/1418 (as amended), the wholly-owned subsidiaries identified in Note 42 are relieved from the  Corporations Act 2001  requirements to prepare and lodge an audited financial report, and a directors’ report. As a condition of the Class Order, the Parent Entity and each of the identified subsidiaries (the Closed Group) have entered into a Deed of  Cross Guarantee. The effect of the Deed is that the Parent Entity guarantees to each creditor, payment in full of any debt in the event of  winding up of any of the subsidiaries under certain provisions of the  Corporations Act 2001 . The subsidiaries have also given a similar  guarantee in the event that the Parent Entity is wound up. The following wholly-owned subsidiaries became a party to the Deed of Cross Guarantee on 28 June 2012, by virtue of a Deed of Assumption. AGL DPS Pty Limited Silverton Wind Farm Developments Pty Limited Silverton Wind Farm Holdings Pty Limited Silverton Wind Farm Transmission Pty Limited Set out below is the consolidated income statement, statement of comprehensive income, statement of financial position and a summary of  movements in retained earnings of the entities party to the Deed of Cross Guarantee. Closed Group 2012  $m 2011  $m Income statement Revenue 7,032.2  6,403.7  Other income 2.9  –  Expenses (6,612.1) (5,565.1) Share of profits of associates and jointly controlled entities accounted for using the equity method 16.8  33.6  Profit before net financing costs, depreciation and amortisation 439.8  872.2  Depreciation and amortisation (156.0) (131.1) Profit before net financing costs 283.8  741.1  Finance income 71.1  42.6  Finance costs (86.7) (53.4) Net financing costs (15.6) (10.8) Profit before tax 268.2  730.3  Income tax expense (48.0) (234.9) Profit for the year 220.2  495.4  Statement of comprehensive income Profit for the year 220.2  495.4  Other comprehensive income Cash flow hedges 120.6  117.0  Actuarial (loss)/gain on defined benefit plans (70.0) 3.6  Share of other comprehensive income of an associate (56.6) 31.5  Reclassification adjustments of an associate transferred to profit or loss on acquisition of entity 36.3  –  Income tax relating to components of other comprehensive income (30.1) (22.2) Other comprehensive income for the year, net of income tax 0.2  129.9  Total comprehensive income for the year 220.4  625.3