Transurban FY26 Corporate Report Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2026
B20 Equity accounted investments (continued) Summarised financial information of equity accounted investments (continued) The following table reconciles the above summarised financial information presented on a 100 per cent basis to the proportional amounts recognised by the Group and includes A25 proportional amounts up to the date it was held for sale: STP JV NWRG TC A25 Total $M $M $M $M $M 2026 Ownership interest 50 % 50 % 50 % — % Proportional total comprehensive (loss)/income (198) 111 84 (9) (12) Profits not recognised (excluding other comprehensive income) — — — — — Group's share of total comprehensive (loss)/income 1 (198) 111 84 (9) (12)
2025 Ownership interest
50 % 50 % 50 % 50 %
Proportional total comprehensive (loss)/income
(330)
106
53 — 53
(17)
(188)
Profits not recognised (excluding other comprehensive income) Group's share of total comprehensive (loss)/income
—
—
—
—
(330)
106
(17)
(188)
1. In FY26, the Group recorded a pre-tax impairment of its A25 equity accounted investment of $13 million, comprising a $10 million impairment of the A25 equity accounted investment and $3 million of transaction costs accrued in connection with the disposal.
Indications of impairment At each reporting period, management assess whether there is an indication of impairment for each of the Group’s equity accounted investments. Where an indication of impairment is identified, impairment testing is performed. During the year ended 30 June 2026, other than the impairment loss recognised in relation to A25 prior to disposal, there were no indications of impairment identified for the Group's equity accounted investments. KEY ACCOUNTING ESTIMATE AND JUDGEMENT The key assumptions underlying management's impairment indication assessments are traffic volumes, long-term CPI, the discount rate and asset enhancement opportunities (where applicable). As part of the impairment indicator assessment, sensitivity analysis has been performed which considers reasonably possible changes in these key assumptions for each of the Group's equity accounted investments. Management do not consider that reasonably possible changes in key assumptions would result in the recoverable amount being lower than the carrying amount of an equity accounted investment. Financing arrangements and credit facilities During the reporting period and up to the date of this report, equity accounted investees executed a number of financing activities including: October 2025 • WestConnex (STP JV) reached financial close on a $1,205 million syndicated bank borrowing facility with a tenor of 1.5 years. April 2026 • WestConnex (STP JV) reached financial close on $660 and $550 million of senior secured notes under its Australian Medium Term Note (AMTN) Programme with a tenor of 6 years and 10 years respectively. May 2026 • NorthWestern Roads Group reached financial close on $300 million syndicated bank facility with a tenor of 3 years. August 2026 • WestConnex (STP JV) reached financial close on Asian Term Loan (ATL) facilities of $325, $470 and $120 million with a tenor of 8 years, 10 years and 12 years respectively.
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