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Section B: Notes to the Group financial statements for the year ended 30 June 2026
B21 Non-controlling interests
Non-controlling interests accounting policy Non-controlling interests are shown separately in the consolidated statement of comprehensive income, consolidated balance sheet and consolidated statement of changes in equity, and under the stapled structure of the Group consist of two components: • Non-controlling interest—other: external non-controlling interests relating to the results and equity of Transurban Queensland and Eastern Distributor subsidiaries; and • Non-controlling interests that relate to THT and TIL which relate to equity holders of the stapled group. Non-controlling interest – other Set out below is the summarised financial information for each material subsidiary (refer to Note B19) that has non-controlling interests (NCI) that are material and external to the Group and the total external NCI. The amounts disclosed are before intra-group eliminations. These subsidiaries that have non-controlling interests are subject to financing arrangements that restrict the transfer of cash and other assets within the Group. These restrictions principally arise from non-recourse debt and term debt facilities. The ability of these subsidiaries to distribute cash to the Group is subject to compliance with covenant requirements and other restrictions under their respective financing arrangements. Refer to Note B13 for further details of the associated financing arrangements and carrying amounts.
Transurban Queensland Airport Motorway
Total NCI
37.50%
37.50%
24.90%
24.90%
2026 2025 $M $M $M $M $M $M 2025 2026 2025 2026
Summarised balance sheet Current assets
753
316
14
14
767
330
Non-current assets Current liabilities Non-current liabilities
7,757
8,220 (884)
1,159
1,209 (166) (651)
8,916
9,429
(777)
(152) (592)
(929)
(1,050) (7,656) 1,053
(7,654)
(7,005)
(8,246)
Net assets
79 29
647 242
429 105
406 100
508 134
Carrying amount of NCI
342
Summarised statement of comprehensive income Revenue
1,097
960
159
161
1,256
1,121
Expenses
(942)
(868)
(129)
(117)
(1,071)
(985)
Profit for the year
155
92
30
44
185
136
Other comprehensive income/(loss) Total comprehensive income
86
(14)
2
(12)
88
(26)
241
78 34 (5) 29
32
32 11 (3)
273
110
Profit allocated to NCI
59 32 91
7 1 8
66 33 99
45
Other comprehensive income/(loss) allocated to NCI Total comprehensive income allocated to NCI
(8)
8
37
Summarised cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities
556
436 (19)
81 —
73 —
637
509
(40) (49)
(40)
(19)
(388)
(81)
(70)
(130)
(458)
Net increase in cash and cash equivalents
467
29
—
3
467
32
173
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