Financial statements
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2024
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2024
D9
Net finance (costs)/income
THT
TIL
2024 2023 $M $M $M $M 2023 2024
Finance income Interest income from related parties
379
388
12
16
Interest income on bank deposits held at amortised cost Net remeasurement gains on derivative financial instruments Interest income on financial assets at amortised cost
7
3
9
7
12 43 45 57
— 34 13
— — — —
— — — —
Unwind of discount and remeasurement of financial assets at amortised cost Unwind of discount and remeasurement of concession notes receivable 1 Unwind of discount and remeasurement of liabilities―shareholder loan note commitments Movement in impairment provisions on related party receivables
192
3
1 1 2
— —
—
— —
1
Net foreign exchange gains Total finance income
1
—
546
634
22
24
Finance costs Interest and finance charges paid/payable
(559)
(498)
(12)
(29)
Net remeasurement losses on derivative financial instruments Unwind of discount and remeasurement of liabilities—promissory notes Unwind of discount and remeasurement of liabilities—construction obligation liability
— —
(5) (1) (3)
— — — —
— — —
(1)
Net foreign exchange losses
— —
— —
(11)
Movement in impairment provisions on related party receivables
(1)
—
Total finance costs
(560)
(507)
(13)
(40)
Net finance (costs)/income from continuing operations
(14)
127
9
(16)
1. Remeasurement of concession notes represents the discount unwind on these notes and the change in the payment profile of the concession notes.
D10 Borrowings The following table shows the carrying amounts of borrowings included in THT and TIL's consolidated balance sheets. THT
TIL
2024 2023 $M $M $M $M 2023 2024
Capital markets debt
200 111 311
200
— — —
— — —
Term debt
49
Total current borrowings
249
Non-current Capital markets debt US private placement
2,241 2,823 2,499 7,563
2,193 2,822 2,573 7,588
— — — —
— — — —
Term debt
Total non-current borrowings
Total borrowings
7,874
7,837
—
—
Refer to Note B13 for a description of each facility type.
200 201
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