Corporate Report for the year ended 30 June 2022
Introduction and overview
Business performance
Governance and risk
Directors’ report
Remuneration report
Financial statements
Sustainability supplement
Security holder information
Section B: Notes to the Group financial statements for the year ended 30 June 2022
Section B: Notes to the Group financial statements for the year ended 30 June 2022
B14 Borrowings (continued) Financing arrangements and credit facilities (continued)
Carrying value
Maturity
2022
2021
$M
$M
Non-recourse debt (continued) US private placement Transurban Cardinal Holdings—Nov 2018 CAD 200m
Feb 2023 Sep 2025 Dec 2026 Dec 2026 Sep 2027 Dec 2028 May 2029 May 2029 Sep 2030 Sep 2030 May 2031 Dec 2031 Dec 2031 May 2034 May 2034 Jan 2035 Mar 2022 Dec 2022 Feb 2023 Mar 2023 Jan 2024 Mar 2024 Oct 2024 Apr 2025 Apr 2025 May 2025 Jun 2025 Jun 2025 Mar 2026 May 2028 Apr 2030 Apr 2030 Dec 2030 May 2031 Apr 2035
225 225 189
215 206 173
Transurban Queensland Finance—Sep 2015—Tranche A USD 155m Transurban Queensland Finance—Dec 2016—Tranche A USD 130m Transurban Queensland Finance—Dec 2016—Tranche D AUD 35m Transurban Queensland Finance—Sep 2015—Tranche B USD 230m Transurban Queensland Finance—Dec 2016—Tranche B USD 225m Transurban Queensland Finance—May 2019—Tranche A AUD 30m Transurban Queensland Finance—May 2019—Tranche C USD 144m Transurban Queensland Finance—Sep 2015—Tranche C USD 256m Transurban Queensland Finance—Sep 2015—Tranche D AUD 70m Transurban Queensland Finance—May 2019—Tranche D USD 245m Transurban Queensland Finance—Dec 2016—Tranche C USD 78m Transurban Queensland Finance—Dec 2016—Tranche E AUD 75m Transurban Queensland Finance—May 2019—Tranche B AUD 40m Transurban Queensland Finance—May 2019—Tranche E USD 180m Transurban Queensland Finance—Jan 2017—Tranche F AUD 100m
35
35
334 327
306 299
30
30
209 372
191 341
70
70
356 113
326 104
75 40
75 40
261 100
239 100
Net capitalised borrowing costs
(8)
(11)
Term debt Airport Motorway Trust—Term debt AUD 226m 1
— —
166 137 385
M5 West—Term Debt AUD 180m 2
Concession A25 LP—Term debt CAD 383m 2
390
M5 West—Term Debt AUD 96m
73 —
—
Airport Motorway Trust—Term debt AUD 302m 1,2
290
M5 West—Term Debt AUD 106m 2
106 326
—
Lane Cove Tunnel Trust—Term debt AUD 326m
326
Transurban Queensland Finance—Capex facility AUD 150m 1 Transurban Queensland Finance—Working capital facility AUD 35m 1
33 — 60 —
7
— 60
Lane Cove Tunnel Trust—Term debt AUD 60m
M5 West—Term debt AUD 275m 1 M5 West—Term debt AUD 143m
275
143 282 200 200 475 412
—
Cross City Tunnel Trust—Term debt AUD 282m Lane Cove Tunnel Trust—Term debt AUD 200m Transurban Queensland Finance—Term debt AUD 200m Hills Motorway Trust—Term debt AUD 475m Airport Motorway Trust—Term debt AUD 434m 2 Lane Cove Tunnel Trust—Term debt AUD 40m Hills Motorway Trust—Term debt AUD 340m
282 200 200 475
— 40
40
340
340
Net capitalised borrowing costs
(11)
(15)
Shareholder loan notes Loan from Transurban Queensland consortium partners—AUD 281m 3
Dec 2048
256
281
Total non-recourse debt, net of capitalised borrowing costs
8,858
8,899
Total borrowings
17,643
17,831
1. These facilities were refinanced during FY22. 2. These facilities require principal repayments throughout their life, with $73 million due within one year of 30 June 2022 (2021: $118 million), classified as current borrowings. 3. A portion of the shareholder loan notes were repaid during FY22.
153 153
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