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
B13 Borrowings (continued) Financing arrangements and credit facilities (continued)
Carrying amount 2023 $M $M 2024
Maturity
Non-recourse debt (continued) US private placement Transurban Queensland Finance—Sep 2015—Tranche A USD 155m Transurban Queensland Finance—Dec 2016—Tranche A USD 130m Transurban Queensland Finance—Dec 2016—Tranche D AUD 35m Transurban Queensland Finance—Sep 2015—Tranche B USD 230m Transurban Queensland Finance—Dec 2016—Tranche B USD 225m Transurban Queensland Finance—May 2019—Tranche A AUD 30m Transurban Queensland Finance—May 2019—Tranche C USD 144m Transurban Queensland Finance—Sep 2015—Tranche C USD 256m Transurban Queensland Finance—Sep 2015—Tranche D AUD 70m Transurban Queensland Finance—May 2019—Tranche D USD 245m Transurban Queensland Finance—Dec 2016—Tranche C USD 78m Transurban Queensland Finance—Dec 2016—Tranche E AUD 75m Transurban Queensland Finance—May 2019—Tranche B AUD 40m Transurban Queensland Finance—May 2019—Tranche E USD 180m Transurban Queensland Finance—Jan 2017—Tranche F AUD 100m
Sept 2025 Dec 2026 Dec 2026 Sept 2027 Dec 2028 May 2029 May 2029 Sept 2030 Sept 2030 May 2031 Dec 2031 Dec 2031 May 2034 May 2034 Jan 2035 Mar 2024 Oct 2024 Dec 2024 Apr 2025 Apr 2025 May 2025 Jun 2025 Mar 2026 May 2028 Apr 2030 Apr 2030 Dec 2030 May 2031 Apr 2035 Jun 2033 Oct 2033 Jun 2035 Oct 2035
234 196
234 196
35
35
347 339
347 339
30
30
217 386
217 386
70
70
370 118
370 118
75 40
75 40
272 100
272 100
Net capitalised borrowing costs
(7)
(7)
Term debt M5 West—Term Debt AUD 106m¹
— — — 46 — —
81
Lane Cove Tunnel Trust—Term debt AUD 326m¹
326 279
Transurban Queensland Finance—Syndicated bank facility AUD 480m¹ Transurban Queensland Finance—Capex facility AUD 150m Transurban Queensland Finance—Working capital facility AUD 23m
62 — 60
Lane Cove Tunnel Trust—Term debt AUD 60m¹
M5 West—Term debt AUD 143m
116 282 200 200 475 316
143 282 200 200 475 365
Cross City Tunnel Trust—Term debt AUD 282m² Lane Cove Tunnel Trust—Term debt AUD 200m Transurban Queensland Finance—Term debt AUD 200m Hills Motorway Trust—Term debt AUD 475m Airport Motorway Trust—Term debt AUD 434m² Lane Cove Tunnel Trust—Term debt AUD 40m Hills Motorway Trust—Term debt AUD 340m Transurban Queensland Finance—Term debt AUD 300m Transurban Queensland Finance—Term debt AUD 90m Transurban Queensland Finance—Term debt AUD 200m Transurban Queensland Finance—Term debt AUD 130m
40
40
340 300
340
— — — —
90
200 130
Net capitalised borrowing costs
(28)
(17)
Shareholder loan notes Loan from Transurban Queensland consortium partners—AUD 281m 3
Dec 2048
—
218
Total non-recourse debt, net of capitalised borrowing costs
7,974
8,270
Total borrowings
19,727
18,558
1. Repaid or refinanced during FY24. 2. These facilities require principal repayments throughout their life, with $65 million due within one year of 30 June 2024 (2023: $77 million), classified as current borrowings. 3. Shareholder loan notes were fully repaid during FY24.
146
145
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