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Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2026
D9 Net finance (costs)/income
THT 2025
TIL
2026
2026
2025
$M
$M
$M
$M
Finance income Interest income from related parties
311
294
—
10
Interest income on bank deposits held at amortised cost Interest income on financial assets at amortised cost
10 44
11 45
6
6
—
—
Net remeasurement gains on derivative financial instruments designated in fair value hedges Unwind of discount and remeasurement of financial assets at amortised cost Unwind of discount and remeasurement of concession notes receivable 1 Unwind of discount and remeasurement of liabilities—maintenance provision Movements in expected credit loss allowance on related party receivables
9
3
— — — — — 15 21
— — — —
16
— — —
106
6 2
7 1
1
Net foreign exchange gains Total finance income
—
— 17
504
361
Finance costs Interest and finance charges paid/payable
(455)
(556)
(5)
(6)
Net remeasurement losses on borrowings designated in fair value hedges Net remeasurement losses on derivative financial instruments Unwind of discount and remeasurement of financial assets at amortised cost Unwind of discount and remeasurement of concession notes receivable 1 Unwind of discount and remeasurement of liabilities—promissory notes Unwind of discount and remeasurement of related party payables Movements in expected credit loss allowance on related party receivables
(12)
(3)
— — — — — —
— — — — — — —
(1)
—
— —
(4)
(36)
(8)
—
(635)
(17)
—
— —
(1)
Net foreign exchange losses
(2)
—
(2) (8)
Total finance costs
(1,113)
(616)
(6)
Net finance income/(costs)
(609)
(255)
15
9
1. Remeasurement of concession notes represents the discount unwind on these notes and the change in the payment profile of the concession notes.
D10 Borrowings The following table shows the carrying amounts of borrowings included in THT and TIL's consolidated balance sheets. THT
TIL
2026
2025
2026
2025
$M
$M
$M
$M
Current Capital markets debt US private placement
315 224
383 237 323 943
— — — —
— — — —
Term debt
76
Total current borrowings
615
Non-current Capital markets debt US private placement
3,069 2,286 2,907 8,262
2,747 2,619 2,203 7,569
— — — —
— — — —
Term debt
Total non-current borrowings
Total borrowings
8,877
8,512
—
—
Refer to Note B13 for a description of each facility type.
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