Transurban FY26 Corporate Report Financial statements
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2026
D11 Financial risk management and derivative financial instruments Financial risk management Refer to Note B14 for details on financial risk management. Derivative financial instruments The table below outlines THT's and TIL's derivative financial instruments which are recognised and measured at fair value on a recurring basis. 2026 2025 $M $M Current Non-current Current Non-current THT TIL THT TIL THT TIL THT TIL Assets Interest rate swap contracts — — 212 — 3 — 124 — Cross-currency interest rate swap contracts 99 — 313 — 147 — 541 — Total derivative financial assets 99 — 525 — 150 — 665 —
Liabilities Interest rate swap contracts
— — —
— — —
7
— — —
— — —
— — —
3
— — —
Cross-currency interest rate swap contracts Total derivative financial liabilities
12 19
—
3
The instruments used by the Group are described in Note B14. Effects of hedge accounting on financial position and performance Hedging reserves The following table presents the gains and losses on THT’s hedging instruments transferred to and from reserves: THT 2026
2025
$M
$M
Cash flow
Cash flow
Cost of hedging reserve
Cost of hedging reserve
hedges reserve
hedges reserve
Balance as at 1 July 2025
100
(12)
271 106
(7) (3)
Change in net fair value of hedging instruments recognised in hedging reserves in OCI Transfers in fair value of hedging instruments from OCI to the profit and loss (net finance costs) for hedge ineffectiveness Transfers in fair value of hedging instruments from OCI to the profit and loss (net finance costs) for foreign currency movements¹
(291)
(1)
(1)
—
(1)
—
336
—
(176)
—
Net revaluation - gross, before transfers to NCI
44 47 91
(1)
(71)
(3)
Hedging reserves attributable to NCI
—
(9)
—
Net revaluation - gross
(1)
(80)
(3)
Tax effect on revaluation movements
(23)
—
3
1
Share of hedging reserves of equity accounted investments, net of tax
69
(1)
(94)
(3)
Closing balance, net of tax
237
(14)
100
(12)
1. There is no significant impact on the profit and loss from foreign currency movements associated with the borrowings portfolio that are swapped to Australian dollars as an offsetting entry will be recognised on the associated hedging instrument. $336 million represents unrealised losses transferred (2025: $176 million unrealised gains) relating to foreign currency revaluation of the principal component of cross-currency interest rate swaps that offsets the unrealised foreign currency revaluation of the principal value of hedged foreign denominated borrowings.
200
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