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 (continued) Market risk (continued) Effects of hedge accounting (continued) THT Cross-currency interest rate swaps that are hedging foreign denominated borrowings and the average exchange rate at the reporting date are shown below: 2026 2025 2026 2025 USD USD CHF CHF $M $M $M $M Borrowings 1 (1,988) (2,143) (485) (685) Cross-currency interest rate swaps Receive notional value 1 1,988 2,143 485 685 Pay notional value AUD (2,652) (2,856) (729) (999) Average exchange rate 0.75 0.75 0.68 0.69
1. Balances are presented in respective currency.
THT
2026
2025
$M
$M
Hedges of fair value interest rate risk
Hedges of cash flow interest rate risk
Hedges of fair value interest rate risk
Hedges of cash flow interest rate risk
Interest rate swaps hedging Australian dollar borrowings
Fair value hedge AUD-IRS
Cash flow hedge AUD-IRS
Fair value hedge
Cash flow hedge AUD-IRS
Hedging relationship Hedging instrument Notional amount AUD
N/A 255 N/A
975
2,579
2,855
1:1
1:1
Hedge ratio
1:1
September 2032 to June 2036
December 2027 to October 2035
September 2032
December 2025 to October 2035
Maturity dates
At 30 June Carrying amount of hedging instruments
12
193
4
120
During the year Change in fair value of hedging instrument used for calculating hedge effectiveness Change in fair value of hedged item used for calculating hedge effectiveness
8
67
4
(89)
(11) N/A
(68) (67)
(4)
89 89 —
Effective portion of hedging instrument recognised in OCI Hedge ineffectiveness recognised in profit and loss Weighted average hedged interest rate as at 30 June 1
N/A
(3)
—
—
4.5 %
3.1 %
3.7 %
2.5 %
1. Based on average fixed rate of interest rate of swap contracts, which does not include any margins that may be applicable on the hedged debt instruments.
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