Transurban Corporate Report FY25 Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2025
B21 Equity accounted investments (continued) Summarised financial information of equity accounted investments (continued) Summarised statement of comprehensive income—100%
STP JV NWRG Total $M $M $M $M $M TC A25
2025 Revenue
938
665 389
527 289
65 —
2,195
Construction revenue
30
708
Depreciation and amortisation
(574) (262)
(109) (159) (389) (138)
(163) (151) (289) (103)
(45) (30)
(891) (602) (694) (863)
Other expenses Construction costs Net finance costs Income tax expense
(16)
—
(598)
(24)
—
(15)
—
—
(15)
(Loss)/profit
(482) (178) (660)
244
110
(34)
(162) (214) (376)
Other comprehensive loss
(32)
(4)
—
Total comprehensive (loss)/income
212
106
(34)
2024 Revenue
793
662 269
420 355
63 —
1,938
23
647
Construction revenue
(573)
(109)
(153)
(44) (44) (27)
(879)
Depreciation and amortisation
—
—
—
(44)
Impairment
(221)
(147) (269) (229)
(157) (355)
(552) (647)
Other expenses Construction costs Net finance costs
(23)
—
(747)
(80)
(2)
(1,058)
1
(69)
— 30 — 30
—
(68)
Income tax (expense)/benefit
(747) (131) (878)
108
(54)
(663) (137) (800)
(Loss)/profit
(6)
—
Other comprehensive (loss)/income Total comprehensive (loss)/income
102
(54)
KEY ACCOUNTING ESTIMATE AND JUDGEMENT Revenue Recognition—Legal proceedings
A25 is a defendant to class action proceedings relating to the monthly administration fee charged to customers of the A25 toll road in exchange for lower toll amounts. The claim alleges that the fee is disproportionate or abusive. The trial proceeded in June 2023 and the judgement was delivered in June 2024, which dismissed the claims against A25. The plaintiff appealed the decision in July 2024. The appeal hearing is yet to be scheduled and the final outcome remains uncertain. The fees the subject of these proceedings continue to be recognised as revenue by A25 in accordance with AASB 15 and will be reassessed as the proceedings progress.
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