Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2024
Section B: Notes to the Group financial statements for the year ended 30 June 2024
Operating performance
B4 Segment information In the segment information provided to the Transurban Group Executive Committee (certain members of which act as the chief operating decision maker), segments are defined by the geographical region in which the Group operates being Melbourne, Sydney, Brisbane and North America. The Group's corporate function is not an operating segment under the requirements of AASB 8 Operating Segments as its revenue generating activities are only incidental to the business. The Executive Committee assesses the performance of each geographical region based on a measure of proportional earnings before depreciation, amortisation, net finance costs and income taxes (Proportional EBITDA). This reflects the contribution of each geographical region in the Group in the proportion of Transurban's equity ownership. The diagram below shows the concession assets included in each geographical region, together with the ownership interests held by the Group as at 30 June 2024:
1. Westlink M7 and NorthConnex (NCX) together form NWRG. 2. The M4, M8/M5 East and M4-M8 link together form WestConnex (Sydney Transport Partners (STP JV)). The M8/M5 East includes the M8, the M5 East and will include the M5 West from December 2026. The M4-M8 link includes M4-M8 link and Rozelle Interchange. 3. The 95 Express Lanes concession is inclusive of the 395 Express Lanes and the Fredericksburg Extension. 4. The 495 Express Lanes concession is inclusive of the 495 Express Lanes Northern Extension Project and the Capital Beltway Accord Project. 5. During FY23, the Group divested 50% of its equity interest in A25 (refer to Note B21). 6. Accelerate Maryland Partners' (AM Partners) role was to be the Maryland Department of Transportation’s long-term partner to build, finance and operate new Express Lanes in Maryland, USA. During FY23, Transurban announced that AM Partners decided not to proceed with the Maryland Express Lanes Project and as a result terminated the predevelopment agreement with the Maryland Department of Transportation.
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