Corporate Report for the year ended 30 June 2022
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Directors’ report
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Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2022
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2022
D9 Net finance income/(costs)
THT 2021
TIL
2022
2022
2021
$M
$M
$M
$M
Finance income Interest income from related parties
424
439
14 67
— 42 — — — — 23 — — 65
Unrealised remeasurement gain attributable to derivative financial instruments
20 20 32
— 15 —
Interest income on financial assets at amortised cost
1 1
Unwind of discount and remeasurement of financial assets at amortised cost Unwind of discount and remeasurement of concession notes receivable Unwind of discount and remeasurement of liabilities―promissory notes
243
115
— — 23 — —
3
— — 13 —
Income from concession financial asset
—
Movement in impairment provisions on related party receivables
2 6
Net foreign exchange gains
Total finance income
750
582
106
Finance costs Interest and finance charges paid/payable
(494)
(515)
(61)
(68)
Unrealised remeasurement loss attributable to derivative financial instruments Unwind of discount and remeasurement of liabilities—maintenance provision Unwind of discount and remeasurement of liabilities—promissory notes Unwind of discount and remeasurement of liabilities—construction obligation liability Unwind of discount and remeasurement of financial assets at amortised cost
— — —
(48)
—
—
—
(1)
(1)
(12)
— — —
— — —
(5)
(7)
— — —
(31) (13)
Net foreign exchange losses
(21)
(21)
Movement in impairment provisions on related party receivables
—
(1)
—
Total finance costs
(499)
(626)
(84)
(90)
Net finance income/(costs) from continuing operations
251
(44)
22
(25)
Unwind of discount and remeasurement of concession notes receivable Remeasurement of concession notes represents the discount unwind on these notes and the change in the payment profile of the concession notes. Unrealised remeasurement gain attributable to derivative financial instruments Refer to Note B13 for further information on the unrealised remeasurement gain attributable to derivative financial instruments.
D10 Borrowings Refer to Note B14 for a description of each facility type.
THT 2021
TIL
2022
2022
2021
$M
$M
$M
$M
Current Capital markets debt US private placement
304
250
—
— —
— 47
—
225 389 614
Term debt
191 441
4 4
Total current borrowings
351
Non-current Capital markets debt US private placement
2,275 2,729 2,312 7,316
2,458 2,525 2,183 7,166
— — — —
—
213 381 594
Term debt
Total non-current borrowings
Total borrowings
7,667
7,607
614
598
204 204
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