Transurban FY26 Corporate Report Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2026
B27 Related party transactions (continued) Transactions with related parties (continued) Financial assets at amortised cost accounting policies Financial assets
The Group measures the SLNs and loan receivable at fair value on initial recognition. Any difference between the nominal value of these financial instruments, and their fair value at initial recognition is treated as a contribution to the relevant equity accounted investment. For the SLNs and loan receivable financial assets, the Group intends to hold these to maturity, to collect contractual cash flows and these cash flows consist solely of payments of principal and interest on the principal amount outstanding. Therefore, the Group subsequently measures these financial assets at amortised cost using the effective interest method, less any allowance for expected credit losses. The amortised cost of the SLNs and loan receivable is adjusted to reflect revised estimated contractual cash flows, which are discounted at the original effective interest rate. The adjustment is recognised in the profit and loss, in net finance costs as a remeasurement gain or loss. The SLNs are not classified as an investment for equity accounting purposes, and therefore have not been affected by equity accounting losses from the joint ventures. Presentation The SLNs and loan receivable financial assets are presented within non-current financial assets in the consolidated balance sheet.
The movements of the NWRG and STP JV SLNs are set out below:
NWRG
STP JV 2025 $'000
Total 2025 $'000
2026 $'000
2025 $'000
2026 $'000
2026 $'000
Opening balance at 1 July—Financial assets
521,500
494,718 102,750
1,503,964
1,512,050
2,025,464
2,006,768 102,750 (151,636)
SLNs and loan issued SLNs and loan repaid
70,000
—
—
70,000
(105,833)
(98,838)
(49,187) 80,255
(52,798) 68,689 (24,855)
(155,020)
Capitalisation of accrued interest
13,829
9,051
94,084 16,364
77,740 (11,115)
Unwind of discount and remeasurement of SLNs¹ Movements in expected credit loss allowance Closing balance at 30 June—Financial assets²
8,279
13,740
8,085
142
79
(61)
878
81
957
507,917
521,500
1,543,056
1,503,964
2,050,973
2,025,464
1. Includes adjustments from updating the expected timing of cash repayments from the SLNs. 2. The non-current financial assets at amortised cost disclosed above will not reconcile to the amounts disclosed in the consolidated balance sheet, as the consolidated balance includes non-current financial assets at amortised cost relating to third party reimbursement. B28 Key management personnel compensation 2026 2025 $ $ Short-term employee benefits 11,151,902 11,130,124 Post-employment benefits 370,488 363,656 Termination benefits 1,976 — Long-term employee benefits 208,924 (28,293) Share-based payments 2,994,301 1,665,925 Deferred short-term incentives 2,428,618 1,450,144 17,156,209 14,581,556
Detailed remuneration disclosures for the key management personnel are made in the remuneration report in the Directors' report.
B29 Remuneration of auditors (a) Services performed by PricewaterhouseCoopers (PwC) Australia
2026
2025
$
$
Audit and other assurance services Audit and review of financial reports Audit and review of sustainability reports
3,597,500
3,751,535
276,750 856,008
—
Other assurance services
996,803
4,730,258
4,748,338
118,006
— —
Other non-audit services Other consulting services
—
Total remuneration of PwC Australia
4,848,264
4,748,338
180
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