Transurban FY26 Corporate Report Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2026
B14 Financial risk management and derivative financial instruments (continued) Market risk (continued) Effects of hedge accounting (continued) 2026
2025
$M
$M
Cross-currency interest rate swaps (CCIRS) hedging borrowings denominated in foreign currencies
Cash flow hedge
Cash flow hedge
Hedging relationship Hedging instrument Notional amount AUD
CCIRS
CCIRS
10,020
10,468
1:1
1:1
Hedge ratio
November 2026 to July 2034
September 2025 to July 2034
Maturity dates
At 30 June Carrying amount of hedging instruments
577
1,217
During the year Change in fair value of hedging instrument used for calculating hedge effectiveness Change in fair value of hedged item used for calculating hedge effectiveness
(758)
677
758 758
(690) (677)
Effective portion of hedging instrument recognised in OCI Hedge ineffectiveness recognised in profit and loss
(2)
(13)
2026
2025
$M
$M
Hedges of fair value interest rate risk
Hedges of cash flow interest rate risk
Hedges of fair value interest rate risk
Hedges of cash flow interest rate risk
Cross-currency interest rate swaps hedging borrowings in foreign currency - bifurcated accounting designation
Fair value hedge
Cash flow hedge
Fair value hedge
Cash flow hedge
Hedging relationship Hedging instrument Notional amount AUD
CCIRS 3,695
CCIRS 3,695
CCIRS 3,695
CCIRS 3,695
1:1
1:1
1:1
Hedge ratio
1:1
March 2032 to April 2040
March 2032 to April 2040
March 2032 to April 2040
March 2032 to April 2040
Maturity dates
At 30 June Carrying amount of hedging instruments
(263)
(8)
98
24
During the year Change in fair value of hedging instrument used for calculating hedge effectiveness Change in fair value of hedged item used for calculating hedge effectiveness
(353)
(31)
230
1 3
350
30 30
(234)
N/A
Effective portion of hedging instrument recognised in OCI Hedge ineffectiveness recognised in profit and loss
N/A
(1)
2
1
6
—
Cross-currency interest rate swaps that are hedging foreign denominated borrowings and the average exchange rate at the reporting date are shown below: 2026 2025 $M $M USD EUR CHF NOK GBP USD EUR CHF NOK GBP Borrowings 1 (3,870) (4,591) (485) (750) (300) (4,143) (4,500) (685) (750) (300) Cross-currency interest rate swaps Receive notional value 1 3,320 4,591 485 750 300 3,643 4,500 685 750 300 Pay notional value AUD (4,467) (7,775) (729) (117) (627) (4,897) (7,521) (999) (117) (627) Average exchange rate 0.75 0.59 0.68 6.42 0.48 0.75 0.60 0.69 6.42 0.48
1. Balances are presented in respective currency.
156
Made with FlippingBook Digital Publishing Software