Financial statements
Section A: Group financial statements for the year ended 30 June 2024
Section A: Group financial statements for the year ended 30 June 2024
Transurban Holdings Limited Consolidated statement of cash flows for the year ended 30 June 2024 (continued)
(b) Reconciliation of liabilities arising from financing activities
Debt principal related derivatives (included in assets / liabilities) 1
Other loan facilities (included in other liabilities)
Total debt related financial instruments
Borrowings current
Borrowings non-current
$M
$M
$M
$M
$M
Balance at 1 July 2023
367
18,191
(1,596)
561
17,523
Proceeds from borrowings (net of costs)
—
2,828
— — — —
— —
2,828
Repayment of borrowings
(367)
(1,115)
(1,482)
Repayment of other loan facilities
—
—
(384) (384)
(384)
Total cash flows
(367)
1,713
962
Non-cash changes Net present value of principal Foreign exchange movements
— —
—
(175)
— — —
(175)
(185)
178
(7)
Transfer
1,395
(1,395)
—
—
Amortisation of borrowing costs and other remeasurement adjustments
—
8
—
— —
8
Total non-cash changes Balance at 30 June 2024
1,395 1,395
(1,572) 18,332
3
(174)
(1,593) 18,311 1. Net derivatives balance as at 30 June 2024 is an asset of $898 million. The difference in carrying amount to the table above relates to interest rate swap contracts, forward exchange contracts, the interest portion of cross-currency interest rate swap contracts and credit valuation and debit valuation adjustments which are excluded from the balances above as they do not relate to financing activities. 177
Debt principal related derivatives (included in assets / liabilities) 1
Other loan facilities (included in other liabilities)
Total debt related financial instruments
Borrowings current
Borrowings non-current
$M
$M
$M
$M
$M
Balance at 1 July 2022
1,063
16,580
(1,408)
207
16,442
Proceeds from borrowings (net of costs)
10
1,725
— 58 — — 58
— —
1,735
Repayment of borrowings
(1,083)
(135)
(1,160)
Proceeds from other loan facilities Repayment of other loan facilities
— —
— —
512
512
(223)
(223)
Total cash flows
(1,073)
1,590
289
864
Non-cash changes Net present value of principal
— —
—
145
— — — — — 65 65
145
Disposals through loss of control of subsidiary 2
(376)
—
(376)
Foreign exchange movements
4
755
(391)
368
Transfer
373
(373)
— — —
— 15 65
Amortisation of borrowing costs
— —
15 — 21
West Gate Tunnel settlement adjustments 3
Total non-cash changes Balance at 30 June 2023
377 367
(246)
217
18,191 17,523 1. Net derivatives balance as at 30 June 2023 is an asset of $1,112 million. The difference in carrying amount to the table above relates to interest rate swap contracts, forward exchange contracts, the interest portion of cross-currency interest rate swap contracts and credit valuation and debit valuation adjustments which are excluded from the balances above as they do not relate to financing activities. 2. Relates to the sale of the Group's controlling interest in A25 upon divestment of 50% ownership interest (refer to Note B21). 3. The amount of $65 million relates to advance payments initially funded and paid by the State of Victoria to the West Gate Tunnel Design & Construct (D&C) Subcontractor in FY22 which were offset against the State Loan during FY23. (1,596) 561
The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.
121
120
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