Transurban Corporate Report FY25 Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2025
B14
Financial risk management and derivatives (continued)
Market risk (continued) Hedge accounting relationships (continued)
2025
2024
$M
$M
Cross-currency interest rate swaps hedging borrowings denominated in foreign currencies
Cash flow hedge
Cash flow hedge
Hedge accounting relationship
CCIRS 10,468
CCIRS 12,007
Hedging instrument Notional amount AUD
1:1
1:1
Hedge ratio
September 2025 to July 2034
September 2024 to July 2034
Maturity dates
At 30 June Carrying amount of hedging instruments
1,217
773
During the year Change in fair value of hedging instrument used for calculating hedge effectiveness Change in fair value of hedged item used for calculating hedge effectiveness
677
(34)
(690) (677)
73 34 39
Effective portion of hedging instrument recognised in OCI Hedge ineffectiveness recognised in profit and loss
(13)
2025
2024
$M
$M
Hedges of fair value interest rate risk
Hedges of cash flow interest rate risk
Hedges of fair value interest rate risk
Hedges of cash flow interest rate risk
Cross-currency interest rate swaps hedging borrowings in foreign currency - bifurcated accounting designation
Fair value hedge
Cash flow hedge
Fair value hedge
Cash flow hedge
Hedge accounting relationship
CCIRS 3,695
CCIRS 3,695
CCIRS 1,671
Hedging instrument Notional amount AUD
CCIRS 1,671
1:1
1:1
1:1
Hedge ratio
1:1
March 2032 to March 2036
March 2032 to March 2036
March 2032 to April 2040
March 2032 to April 2040
Maturity dates
At 30 June Carrying amount of hedging instruments
98
24
(113)
22
During the year Change in fair value of hedging instrument used for calculating hedge effectiveness Change in fair value of hedged item used for calculating hedge effectiveness
230
1 3
(94)
20
(234)
81
(13) (13)
N/A
(1)
Effective portion of hedging instrument recognised in OCI Hedge ineffectiveness recognised in profit and loss
N/A
6
—
13
(7)
Cross-currency interest rate swaps that are hedging foreign denominated borrowings and the average exchange rate at the reporting date are shown below: 2025 2024 $M $M USD EUR CHF NOK GBP USD EUR CHF NOK GBP Borrowings 1 (4,143) (4,500) (685) (750) (300) (4,143) (4,950) (565) (750) — Cross-currency interest rate swaps Receive notional value 1 3,643 4,500 685 750 300 3,643 4,950 565 750 — Pay notional value AUD (4,897) (7,521) (999) (117) (627) (4,897) (7,889) (774) (117) — Average exchange rate 0.75 0.60 0.69 6.42 0.48 0.75 0.63 0.73 6.00 —
1. Balances are presented in respective currency.
146
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