Corporate Report for the year ended 30 June 2022
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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
Concession summary Refer to the Concession summary section of the Group financial statements for the intangible assets, concession note and promissory note accounting policies.
D12 Other intangible assets
2022
Concession assets
Assets under construction
$M
Total
THT
TIL
THT 371
TIL
THT
TIL
Cost
12,141 (3,482)
1,470
— — —
12,512 (3,526)
1,470
Accumulated amortisation Net carrying amount
(246)
(44)
(246)
8,659
1,224
327
8,986
1,224
2021
Concession assets
Assets under construction
$M
Total
THT
TIL
THT 371
TIL
THT
TIL
Cost
12,140 (3,168)
1,400
2
12,511 (3,197)
1,402
Accumulated amortisation Net carrying amount
(177)
(29)
—
(177)
8,972
1,223
342
2
9,314
1,225
Movement in other intangible assets
Concession
assets Assets under construction
Total
THT
TIL $M
THT
TIL $M
THT
TIL $M
$M
$M
$M
Opening balance at 1 July 2021
8,972
1,223
342
2
9,314
1,225
Foreign exchange movements and other adjustments
—
59
—
(2)
—
57
Amortisation charge
(313)
(58)
(15)
— —
(328)
(58)
Net carrying amount at 30 June 2022
8,659
1,224
327
8,986
1,224
Opening balance at 1 July 2020
9,281
4,504
355
629
9,636
5,133
Additions
— —
—
5
87
5
87
Foreign exchange movements and other adjustments
(310)
—
(54) (11)
— — —
(364)
Transfer
4
11
(4)
—
Disposals through loss of control of subsidiary 1
—
(2,904)
—
(649)
(3,553)
Amortisation charge
(313)
(78)
(14)
—
(327)
(78)
Net carrying amount at 30 June 2021
8,972
1,223
342
2
9,314
1,225
1. Relates to the deconsolidation of the Group’s ownership interest in TC upon divestment of a 50% ownership interest (refer to Note B24).
D13 Concession financial asset TIL’s concession financial assets relate only to A25 as at 30 June 2022 and 30 June 2021. Refer to Note B18 for a reconciliation of movements in the A25 concession financial asset. D14 Other liabilities—concession liabilities Refer to Note B21 for further information on these concession liabilities. M2 Motorway (THT) The face value of promissory notes on issue as at 30 June 2022 is $254 million (2021: $241 million). The net present value as at 30 June 2022 of the redemption payments relating to these promissory notes is $80 million (2021: $77 million).
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