Transurban FY26 Corporate Report Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2026
B7
Working capital (continued)
Trade receivables (continued) The loss allowance for trade receivables was determined as follows:
2026
Up to 90 days past due
More than 90 days past due
Current
Total
Expected credit loss rate Gross carrying amount ($M)
1%
16%
61% 128
NA¹ 341
158
55
Loss allowance ($M)
(1)
(9)
(78)
(88)
2025
Up to 90 days past due
More than 90 days past due
Current
Total
Expected credit loss rate Gross carrying amount ($M)
1%
15%
60%
NA¹ 278
137
50
91
Loss allowance ($M)
(1)
(7)
(55)
(63)
1. NA―Not applicable. The closing loss allowance for trade receivables reconciles to the opening loss allowance as follows:
2026
2025
$M
$M
Opening expected credit loss allowance
63 33
36 31
Increase in expected credit loss allowance recognised in the profit and loss during the year
Receivables written off during the year as uncollectible
(8)
(4)
Closing expected credit loss allowance
88
63
Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include the failure of a debtor to engage in a repayment plan with the Group, and a failure to make contractual payments for an extended period. Other receivables Other receivables are financial assets at amortised cost. Other receivables accounting policy The Group initially recognises other receivables at fair value and subsequently at amortised cost using the effective interest method, less any allowance for expected credit losses. The Group applies the general approach to measuring the loss allowance at an amount equal to 12 months of expected credit losses after the reporting date. However, if at the reporting date, the credit risk of a financial asset has significantly increased since its initial recognition, the loss allowance is measured at an amount equal to lifetime expected credit losses. Trade and other payables Trade payables represent liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables accounting policy Trade and other payables are recognised initially at fair value, usually based on the transaction cost or face value and subsequently measured at amortised cost using the effective interest method. Short term payables with no stated interest rate are measured at the original invoice amount where the effect of discounting is immaterial.
136
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