Transurban Corporate Report FY25 Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2025
B5
Revenue (continued)
KEY ACCOUNTING ESTIMATE AND JUDGEMENT Revenue Recognition—Legal proceedings The Group is exposed to contingent risks with respect to revenue streams arising from the conduct of its business, including ongoing Court proceedings, claims and possible claims against the Group, including those listed below and in Note B21. Such matters are often highly complex and uncertain. The Group is a defendant to class action proceedings relating to administration charges paid by users of Queensland toll roads who did not pay the applicable toll at the time of travel. The claim alleges that the charges exceed the reasonable costs of collecting the unpaid toll, as required under applicable legislation. The claim period extends from 2009 and the other defendants are the State of Queensland and the Brisbane City Council, who have the responsibility for setting or giving notice of the charges. The Group is defending the claim and denies that the charges exceed the reasonable cost and as such, that any member of the class is entitled to compensation. The quantum sought on behalf of members of the class has not yet been specified. The potential outcome is complex and remains uncertain. The matter has not yet been set down for a hearing. The fees the subject of these proceedings continue to be recognised as revenue in accordance with AASB 15 and will be reassessed as the proceedings progress. Service concession arrangements—financial asset model As at 30 June 2025, the Group does not have any concession financial assets. Other revenue Other revenue includes management fee revenue, roaming fee revenue, advertising revenue and tolling services provided to third parties.
Other revenue accounting policies Revenue type
Accounting policy
Management fee, roaming fee and advertising revenue Tolling services provided to third parties
Management fee revenue, roaming fee revenue and advertising revenue are recognised at the point in time the service is provided and is highly probable that a significant reversal of revenue will not occur. Revenue from tolling services provided to third parties is recognised over the period the service is provided.
KEY ACCOUNTING ESTIMATE AND JUDGEMENT Revenue Recognition—ConnectEast Litigation In light of the Court judgement, the Group has constrained revenue recognition for roaming fees where there is a risk of significant reversal (refer to Notes B2 and B24).
B6 Income tax Income tax expense/(benefit)
2025
2024 $M $M
Current tax Deferred tax
152
189
(215)
(193)
Under provision in prior years Income tax (benefit)/expense
3
7 3
(60)
Deferred income tax expense/(benefit) included in income tax benefit/expense comprises: Increase in deferred tax assets
(145)
(72)
Decrease in deferred tax liabilities
(70)
(121) (193)
(215)
120
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