Transurban FY26 Corporate Report Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2026
Items not recognised B23 Contingencies Contingencies accounting policy Contingent assets
Contingent assets are possible recoveries whose existence will only be confirmed by uncertain future events not wholly within the control of the Group. Contingent assets are not recognised on the balance sheet unless they are virtually certain but are disclosed if the inflow of economic resources is probable. Contingent liabilities Contingent liabilities are possible obligations whose existence will only be confirmed by uncertain future events and present obligations where the transfer of economic resources is not probable or cannot be reliably estimated. Contingent liabilities are not recognised on the balance sheet unless they are probable but are disclosed if the outflow of economic resource is possible but not remote. The Group (including its equity accounted investees) is exposed to contingent risks and liabilities arising from the conduct of its business including: • Direct and indirect construction risk during project delivery and post-completion. This includes initiating or receiving claims, potential claims, material delays, disputes and the remediation of concession intangible assets;
• Regulatory investigations and potential legal proceedings involving the Group; • Ongoing court proceedings, claims and possible claims against the Group; and • Contracts that involve terms such as warranties, indemnities or guarantees.
The Group is focused on orderly claims and dispute management to minimise operational distraction. Claims are administered and assessed in accordance with the relevant contractual and legislative frameworks. Where appropriate, the Group engages in constructive, confidential dialogue to explore potential commercial resolution. The Design and Construction subcontractor on the West Gate Tunnel Project has experienced a number of challenges. Claims are not unusual at the end of a project and any claims if received by the Group would be assessed in accordance with the contractual and legislative framework. Management assess each claim the Group (including its equity accounted investees) is a party to for the purposes of preparing financial statements in accordance with the accounting standards. Contingent assets and liabilities may exist in respect of actual or possible recoveries, claims and commercial payments arising from these matters. KEY ACCOUNTING ESTIMATE AND JUDGEMENT The assessment of these contingent risks and liabilities is often highly complex and uncertain. Where appropriate, provisions and other liabilities have been recognised. Further details on some specific contingencies of the Group are set out in this note and in Note B5. Construction contracts As at 30 June 2026, any inflow of economic resources associated with construction-related contingencies is not considered virtually certain and any possible payments relating to actual or potential future claims or possible commercial payments in excess of, or separate to the amounts stipulated in the Design and Construction contracts or other contracts, are not considered probable of being made. Other contractual arrangements The Group has received claims from other parties with respect to the Group's obligations under its services contracts. The Group (including its equity accounted investees) has received claims from other parties with respect to the Group's (including its equity accounted investees') other contracts. As at 30 June 2026, it has not been established that a present obligation exists. Further information has not been included in this report because disclosure of the information would be likely to result in unreasonable prejudice to the Group.
Parent entity The Parent entity does not have any contingent assets or contingent liabilities as at reporting date.
B24 Commitments The Group’s unrecognised capital commitments as at 30 June 2026 are $7 million (2025: $15 million). Share of commitments related to equity accounted investments The Group’s share of unrecognised commitments related to equity accounted investments as at 30 June 2026 are $12 million (2025: $241 million).
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