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
Concession summary Refer to the Concession summary section of the Group financial statements for further information on these intangible assets, concession notes and promissory notes.
D12
Other intangible assets
2024
Assets under construction¹
$M
Concession assets
Total
THT
TIL
THT
TIL
THT
TIL
Cost
12,144 (4,112)
— — —
380
— — —
12,524 (4,185)
— — —
Accumulated amortisation Net carrying amount
(73)
8,032
307
8,339
2023
Assets under construction¹
$M
Concession assets
Total
THT
TIL
THT
TIL
THT
TIL
Cost
12,144 (3,798)
— — —
377
— — —
12,521 (3,856)
— — —
Accumulated amortisation Net carrying amount
(58)
8,346
319
8,665
Movement in other intangible assets
Assets under construction¹
Concession assets
Total
THT TIL $M $M $M $M $M $M TIL THT TIL THT
Opening balance at 1 July 2023
8,346
— — — —
319
— — — — — — — — — — —
8,665
— — — —
Additions
—
3
3
Amortisation charge
(314)
(15)
(329)
Net carrying amount at 30 June 2024
8,032
307
8,339
Opening balance at 1 July 2022
8,659
1,224
327
8,986
1,224
Additions
— —
—
9
9
—
Foreign exchange movements and other adjustments
(34)
—
— —
(34)
Transfer
2
—
(2)
—
Amortisation charge
(315)
(36)
(15)
(330)
(36)
Disposals through loss of control of subsidiary² Net carrying amount at 30 June 2023
—
(1,154)
—
—
(1,154)
8,346
—
319
8,665
—
1. Includes amortisation for the component of the West Gate Tunnel Project attributable to CityLink funding contributions, for which funding sources began to be received and amortised from 1 July 2019 (refer to Note B18 for further details). 2. Relates to the sale of the Group's controlling interest in A25 (refer to Note B21). Other liabilities—concession liabilities Refer to Note B19 for further information on these concession liabilities. M2 Motorway promissory notes (THT) The face value of promissory notes on issue as at 30 June 2024 is $282 million (2023: $268 million). The net present value as at 30 June 2024 of the redemption payments relating to these promissory notes is $92 million (2023: $86 million). D13
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