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 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
D16 Non-controlling interests—other Set out below is summarised financial information for each material subsidiary that has non-controlling interests that are material and external to THT and the total external NCI. The amounts disclosed for each subsidiary are before cross-staple eliminations. THT
Transurban Queensland Invest Trust
Airport Motorway Trust
Total NCI
37.50% 37.50% 24.90% 24.90% 2022 2021 2022 2021
2022
2021
$M
$M
$M
$M
$M
$M
Summarised balance sheet Current assets
302
65
51
190 600
353
255
Non-current assets Current liabilities Non-current liabilities
7,257
7,424
723
7,980
8,024
(359)
(302)
(205) (365)
(347) (266)
(564)
(649)
(5,383)
(5,376)
(5,748)
(5,642)
Net assets
1,817
1,811
204
177
2,021
1,988
Carrying amount of NCI
682
679
51
44
733
723
Summarised statement of comprehensive income Revenue
392
359
10
14
402
373
Profit/(loss) for the year
(1)
(83) (17)
5
1 7 8
4
(82) (10) (92) (31)
Other comprehensive income/(loss) Total comprehensive income/(loss)
202 201
28 33
230 234
(100)
Profit/(loss) allocated to NCI
— 76
(31)
1 6
—
1
Other comprehensive income/(loss) allocated to NCI
(6)
1
82
(5)
Summarised cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities
188
159
4
— — — —
192
159
(1)
(1)
— —
(1)
(1)
(189)
(186)
(189)
(186)
Net increase/(decrease) in cash and cash equivalents
(2)
(28)
4
2
(28)
D17 Deed of cross and intra-group guarantees Deed of cross guarantee
Transurban International Limited, Transurban International Holdings Pty Ltd, Transurban Maple Holdings Pty Ltd, Transurban Maple Investments Pty Ltd, Transurban Technology Investments Holdings Pty Ltd and Transurban Technology Investments Pty Ltd are party to a deed of cross guarantee under which each company guarantees the debts of the others. By entering into the deed, the wholly-owned entities have been relieved from the requirement to prepare a financial report and Directors’ report under Instrument 2016/785 issued by the Australian Securities and Investments Commission. The companies represent a 'closed group' for the purposes of the Instrument, and as there are no other parties to the deed of cross guarantee that are controlled by TIL, they also represent the 'extended closed group’. Set out below is the summary financial information of the closed group.
2022
2021
$M
$M
Summarised statement of comprehensive income Revenue
3
1,657
Net finance costs
(9) (6)
(169)
(Loss)/profit before income tax Income tax benefit/(expense)
1,488
30 24 — 24 24
(8)
Profit for the year from continuing operations Loss for the year from discontinued operations
1,480
(6)
Profit for the year from continuing and discontinued operations
1,474 1,474
Total comprehensive income for the year
211 211
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