Transurban Corporate Report FY25 Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2025
Concession summary The table below summarises the key balance sheet items of the Group’s concession assets by geographical region: 2025 Melbourne Sydney Brisbane
North America
Carrying amount
$M Equity accounted investments Concession intangible assets Assets under construction 1,2
—
5,594 4,102
—
3,563
9,157
2,333 5,562
6,611
— — — — —
13,046
—
19
5,581
Goodwill
1
260
205
466
Maintenance provision (current and non-current)
(184)
(335)
(780)
(1,299)
Construction obligation liability
(1)
—
—
(1)
2024
North America
Carrying amount
$M Equity accounted investment Concession intangible assets Assets under construction 1,2
Melbourne Sydney Brisbane
—
6,177 4,542
—
3,643
9,820
2,452 5,173
6,851
— — — — —
13,845
—
3
5,176
Goodwill
1
260
205
466
Maintenance provision (current and non-current)
(157) (152)
(307)
(704)
(1,168)
Construction obligation liability
—
—
(152)
1. Assets under construction are included within other intangible assets in the consolidated balance sheet. 2. Includes 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). KEY ACCOUNTING ESTIMATE AND JUDGEMENT The Group makes certain assumptions in calculating the recoverable amount of its goodwill (Note B15), other intangible assets (Note B16) and equity accounted investments (Note B21). These include assumptions around expected traffic performance and forecast operational costs. In performing the recoverable amount calculations for goodwill, the Group has applied the assumptions noted in Note B15. Management do not consider that any reasonably possible change in the assumptions will result in the carrying amount of a cash generating unit to which goodwill has been allocated exceeding its recoverable amount. The Group does not consider that reasonably possible changes in key assumptions would result in the recoverable amount being lower than the carrying amount of a concession intangible asset or an equity accounted investment, except for the A25 equity accounted investment (EAI) (refer to Note B21).
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