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
B14
Financial risk management and derivatives (continued)
Liquidity risk (continued) Contractual maturities of financial liabilities The table below shows the maturity profile of the Group’s financial liabilities and includes derivative financial liabilities as well as derivative financial assets as these are directly relevant for an understanding of the Group’s contractual cash flow commitments. The cash flows disclosed in the below table are the contractual undiscounted future cash flows including principal and interest payments and therefore will not reconcile to the amounts disclosed in the consolidated balance sheet.
Total contractual cash flows
2024
1 year or less
Over 1 to 2 years
Over 2 to 3 years
Over 3 to 4 years
Over 4 to 5 years
Over 5 years
Carrying amount
$M Trade payables
487
—
—
—
—
—
487
487
Borrowings¹
1,866
3,160
1,861
2,766
2,703
10,859
23,215
19,727
Interest rate swaps 2,3
(52)
(41) (16)
(31) (30)
(30) (80)
(28)
(73)
(255)
(209) (682)
Cross-currency interest rate swaps 1,2,3
50 —
48 11 —
193
165
Foreign exchange forwards
— —
— —
— —
— —
11
11
Swap options
(10)
(10) (25)
5
Power purchase agreements Concession and promissory notes
(6)
(6)
(4)
(3)
(3)
(3)
(23)
— 18
— 19
— 19
— 21
— 23
687
687 151 516
150 132 232
Lease liabilities Other liabilities
51
366
5
5
5
5
130
Total
2,719
3,121
1,820
2,679
2,759
11,844
24,942
19,830
Total contractual cash flows
2023
1 year or less
Over 1 to 2 years
Over 2 to 3 years
Over 3 to 4 years
Over 4 to 5 years
Over 5 years
Carrying amount
$M Trade payables
482
—
—
—
—
—
482
482
Borrowings¹
1,094
2,329
2,972
1,850
2,681
10,713
21,639
18,558
Interest rate swaps 2,3
(69)
(54)
(37) (64)
(30) (61)
(31)
(102)
(323)
(263) (827)
Cross-currency interest rate swaps 1,2 Foreign exchange forwards Power purchase agreements Concession and promissory notes
186
35 —
(105)
15
6 2
—
—
—
—
2
2
(5)
(4)
(6)
(3)
(2)
(7)
(27)
(24)
— 17
— 19
— 19
— 19
— 21
658
658 166
150 143 638
Lease liabilities Other liabilities
71
845
5
5
5
5
135
1,000
Total
2,550
2,330
2,889
1,780
2,569
11,485
23,603
18,859
1. Cash flows have been estimated using spot translation rates at the end of the reporting period. 2. The carrying amount of the interest rate and cross-currency interest rate swaps are presented on a net basis. The gross position is disclosed in the Derivatives table above. 3. Cash flows have been estimated using forward interest rates at the end of the reporting period.
158
157
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