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
B4 Segment information (continued) Segment information—proportional income statement
2024
Corporate and other
North America
$M
Melbourne Sydney Brisbane
Total 3,535
Toll revenue Other revenue
948
1,767
568
252
—
27
30
4
7
(5) (5)
63
Total proportional revenue
975 801
1,797 1,377
572 415
259 168
3,598 2,631
Proportional EBITDA
(130)
2023
Corporate and other
North America 1
$M
Melbourne Sydney Brisbane
Total 3,314
Toll revenue
894
1,668
520
232
—
Other revenue²
25
29
4
13
(3) (3)
68
Total proportional revenue²
919 756
1,697 1,328
524 380
245 129
3,382 2,448
Proportional EBITDA
(145)
1. Proportional segment information includes the results of A25 at proportional ownership, being 100% for the period 1 July 2022 to 28 February 2023 and 50% from 1 March 2023 to 30 June 2023. 2. Comparatives for other revenue and total proportional revenue have been restated to align with the current year presentation, so that the reimbursement of management and/or tolling services provided to Joint Ventures is offset against the underlying cost. Reconciliation of segment information to statutory financial information The proportional results presented above are different from the statutory financial results of the Group due to the proportional presentation of each asset’s contribution to each geographical region and corporate and other. Segment revenue Revenue from external customers comprises toll and fee revenues earned on toll roads. Segment revenue reconciles to total statutory revenue as follows: 2024 2023 Note $M $M Total segment revenue (proportional) 3,598 3,382 Add: Revenue attributable to non-controlling interests 385 356 Construction revenue from road development activities 964 1,142 Intragroup elimination 1 157 126 Less: Proportional revenue of non-100% owned equity accounted assets (985) (829) Toll revenue receipts relating to the A25 concession financial asset 2 — (10) Other revenue receipts relating to the A25 concession financial asset 2 — (10) Total statutory revenue B5 4,119 4,157 1. Statutory revenue recognised in relation to arrangements with the equity accounted investments that are eliminated for segment purposes. 2. The Executive Committee members acting as the chief operating decision maker assess the performance of the Group using proportional results that include A25 income streams relating to availability payments and guaranteed toll income which are classified as revenue within the proportional results. These revenues form part of the ordinary activities of the A25 and are reflective of its underlying performance. Up to the date of sale of the Group’s controlling interest in A25 on 28 February 2023 (refer to Note B21), for statutory accounting purposes, these income streams offset the related concession financial asset receivable recorded on acquisition of the original controlling interest in A25, which has been disposed of as part of the sale of A25.
129
128
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