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
B24
Deed of cross and intra-group guarantees (continued)
Deed of cross guarantee (continued)
2024
2023¹ $M $M
Summarised movements in accumulated losses Accumulated losses at the beginning of the year
(1,686)
(1,371)
Loss for the year
(190)
(284)
Dividends provided for or paid
—
(31)
Accumulated losses at the end of the year
(1,876)
(1,686)
Summarised balance sheet Current assets Cash and cash equivalents Trade and other receivables Derivative financial instruments
1,291
1,188
969
681
6
5
Total current assets
2,266
1,874
Non-current assets Investments in subsidiaries
4,571 4,427 2,366
3,578 3,823 2,422
Other financial assets
Equity accounted investments Property, plant and equipment
362 149 486
397 131 563
Intangible assets Deferred tax assets
Total non-current assets
12,361
10,914
Total assets
14,627
12,788
Current liabilities Trade and other payables
1,215
771
Provisions
71
89
Total current liabilities
1,286
860
Non-current liabilities Payables Deferred tax liabilities
11,175
9,614
34
26
Provisions
6
5
Total non-current liabilities
11,215
9,645
Total liabilities
12,501
10,505
Net assets
2,126
2,283
Equity Contributed equity
4,001
3,967
Other reserves
1
2
Accumulated losses
(1,876) 2,126
(1,686) 2,283
Total equity
1. Comparatives have been restated to eliminate certain investments in subsidiaries balances within the closed group.
Intra-group guarantees As at 30 June 2024, the Transurban Group comprising Transurban Holdings Limited, Transurban Holding Trust and Transurban International Limited, was traded and quoted on the ASX as one triple stapled security. Under the stapling arrangement, each entity is able to provide direct and/or indirect support to each other entity and its controlled entities within the Group on a continual basis.
178
177
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