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 cash flows for the year ended 30 June 2024 (continued)
(b)
Reconciliation of liabilities arising from financing activities
THT
Debt principal related derivatives (included in assets / liabilities) 1
Total debt related financial instruments
Net related party receivables 2
Borrowings current
Borrowings non-current
$M
$M
$M
$M
$M
Balance at 1 July 2023
249
7,588 1,182
(635)
7,202 1,182 (1,147)
(4,660)
Proceeds from borrowings (net of costs)
—
— — — — —
— —
Repayment of borrowings Loans to related parties
(249)
(898)
— —
— —
— —
(3,304)
Repayment of loans to related parties
3,945
Total cash flows
(249)
284
35
641
Non-cash changes Transfer Capitalised interest
311
(311)
— — — —
— —
—
— — — —
—
(178)
Amortisation of borrowing costs Intercompany non-cash settlements Foreign exchange movements Total non-cash changes
3
3
—
—
— 16 19
126
(1)
17 17
—
311 311
(309)
(52)
Balance at 30 June 2024 (4,071) 1. Total derivatives balance as at 30 June 2024 is an asset of $719 million. The difference in carrying amount to the table above relates to interest rate swap contracts, forward exchange contracts, the interest portion of cross-currency interest rate swap contracts and credit valuation and debit valuation adjustments which are excluded from the balances above as they do not relate to financing activities. 2. Total net related party receivables balance as at 30 June 2024 is an asset of $4,034 million. The difference in carrying amount to the table above relates to intercompany accruals balances which are excluded from the balances above as they do not relate to financing activities. 7,563 (618) 7,256
Debt principal related derivatives (included in assets / liabilities) 1
Total debt related financial instruments
Net related party receivables 2
Borrowings current
Borrowings non-current
$M
$M
$M
$M
$M
Balance at 1 July 2022
351
7,316
(610)
7,057
(5,175)
Proceeds from borrowings (net of costs)
—
309
— — — — — — — — — —
309
— —
Repayment of borrowings Loans to related parties
(326)
— — —
(326)
— —
— —
(2,557)
Repayment of loans to related parties
3,144
Total cash flows
(326)
309
(17)
587
Non-cash changes Transfer Capitalised interest
249
(249)
— —
—
— — — —
—
(191)
Amortisation of borrowing costs Intercompany non-cash settlements
3
3
—
— —
— —
120
Provision for impairment of intercompany loans
1
Foreign exchange movements Total non-cash changes Balance at 30 June 2023
(25)
209
(25) (25)
159 162
(2)
224 249
(37)
(72)
7,588
(635)
7,202
(4,660)
1. Total derivatives balance as at 30 June 2023 is an asset of $770 million. The difference in carrying amount to the table above relates to interest rate swap contracts, forward exchange contracts, the interest portion of cross-currency interest rate swap contracts and credit valuation and debit valuation adjustments which are excluded from the balances above as they do not relate to financing activities. 2. Total net related party receivables balance as at 30 June 2023 is an asset of $4,624 million. The difference in carrying amount to the table above relates to intercompany accruals balances which are excluded from the balances above as they do not relate to financing activities.
The above consolidated statements of cash flows should be read in conjunction with the accompanying notes.
191 192
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