Transurban Corporate Report FY25 Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2025
B23
Deed of cross and intra-group guarantees (continued)
Deed of cross guarantee (continued)
2025
2024¹ $M $M
Summarised movements in accumulated losses Accumulated losses at the beginning of the year
(2,711)
(2,386)
Loss for the year
(413)
(325)
Accumulated losses at the end of the year
(3,124)
(2,711)
Summarised balance sheet Current assets Cash and cash equivalents Trade and other receivables Derivative financial instruments
906
1,291
1,076
969
8
6
Total current assets
1,990
2,266
Non-current assets Investments in subsidiaries
4,131 4,175 2,294
3,736 4,427 2,366
Other financial assets
Equity accounted investments Property, plant and equipment
379 152 438
362 149 486
Intangible assets Deferred tax assets
Total non-current assets
11,569
11,526
Total assets
13,559
13,792
Current liabilities Trade and other payables
1,812
1,215
Provisions
83
71
Total current liabilities
1,895
1,286
Non-current liabilities Payables Deferred tax liabilities
11,214
11,175
30
34
Provisions
6
6
Total non-current liabilities
11,250
11,215
Total liabilities
13,145
12,501
Net assets
414
1,291
Equity Contributed equity
4,037
4,001
Other reserves
(499)
1
Accumulated losses
(3,124)
(2,711) 1,291
Total equity
414
1. Comparatives have been restated to reflect the impairment of investment in subsidiaries relating to prior years.
Intra-group guarantees As at 30 June 2025, the Transurban Group comprising Transurban Holdings Limited, Transurban Holding Trust and Transurban International Limited, was traded and quoted on the ASX as one triple stapled security. Under the stapling arrangement, each entity is able to provide direct and/or indirect support to other entities within the Group (other than those controlled entities that have external ring fenced project finance where the financiers receive the benefit of security granted by the relevant controlled entities) on a continual basis.
166
Made with FlippingBook Digital Publishing Software