Financial statements
Section C: THT and TIL financial statements for the year ended 30 June 2024
Section C: THT and TIL financial statements for the year ended 30 June 2024
Transurban Holding Trust and Transurban International Limited Consolidated statements of comprehensive income for the year ended 30 June 2024 Transurban Holding Trust
Transurban International Limited
Note
2024 2023 $M $M $M $M 2023 2024
Continuing operations Revenue Expenses Employee benefits expense
1,171
1,077
45
40
D4
— —
— —
(24)
(26) (19)
Road operating costs Construction costs
(2)
(27) (13) (40)
(48) (10) (58)
—
—
Corporate and other expenses Total operating expenses
(19) (45)
(40) (85)
Amortisation Depreciation 1
(329)
(330)
—
—
—
—
(4) (4)
(14) (14)
Total depreciation and amortisation
(329)
(330)
Net finance (costs)/income
D9
(14)
127
9
(16) (49)
Share of losses of equity accounted investments, inclusive of impairments²
D14
(150)
(119)
(12)
Profit/(loss) before income tax
638
697
(7)
(124)
Income tax (expense)/benefit Profit/(loss) for the year
(4)
2
(2) (9)
28
634
699
(96)
Discontinued operations Loss for the year from discontinued operations
—
—
—
(92)
Profit/(loss) for the year from continuing and discontinued operations
634
699
(9)
(188)
Profit/(loss) is attributable to: Ordinary security holders of TIL
—
—
(9)
(188)
Ordinary unit holders of THT Non-controlling interests Profit/(loss) for the year
607
687
— —
— —
D15
27
12
634
699
(9)
(188)
Other comprehensive income Gains reclassified on disposal of subsidiary, net of tax Items that may be reclassified to profit and loss in the future Changes in the fair value of cash flow hedges, net of tax Changes in the fair value of cost of hedging, net of tax
D8
—
—
—
(70)
(46) (10) (68)
(85)
— — —
14 — —
—
Share of other comprehensive loss from equity accounted investments, net of tax D14 Exchange differences on translation of North American operations, net of tax
(56)
—
—
(10) (10) (19)
110
Other comprehensive income/(loss) for the year, net of tax Total comprehensive income/(loss) for the year
(124)
(141)
54
510
558
(134)
Total comprehensive income/(loss) for the year is attributable to: Ordinary security holders of TIL
—
—
(19)
(134)
Ordinary unit holders of THT Non-controlling interests—other
488
576
— —
— —
22
(18)
Total comprehensive income/(loss) for the year
510
558
(19)
(134) Cents
Cents
Cents
Cents
Earnings from continuing operations per security attributable to ordinary security holders of the stapled group
19.7
22.3
(0.3)
(3.1)
D7
Earnings per security attributable to ordinary security holders of the stapled group D7
19.7
22.3
(0.3)
(6.1)
1. For FY23 for TIL, depreciation includes an impairment loss of $9 million. 2. During the year ended 30 June 2024, TIL recorded a pre-tax impairment of its A25 equity accounted investment of $22 million (2023: $nil). Refer to Note B22 for further details.
The above consolidated statements of comprehensive income should be read in conjunction with the accompanying notes. 186
185
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