2025 Corporate Report

Transurban Corporate Report FY25 Financial statements

Section B: Notes to the Group financial statements for the year ended 30 June 2025

B28 Related party transactions (continued) Transactions with related parties (continued) Financial assets and liabilities at amortised cost accounting policies Financial assets and liabilities

The Group measures the SLNs, SLN commitments and loan receivable at fair value on initial recognition. Any difference between the nominal value of these financial instruments, and their fair value at initial recognition is treated as a contribution to the relevant equity accounted investment. For the SLNs and loan receivable financial assets, the Group intends to hold these to maturity, to collect contractual cash flows and these cash flows consist solely of payments of principal and interest on the principal amount outstanding. Therefore, the Group subsequently measures these financial assets at amortised cost using the effective interest method, less expected credit losses. For the SLNs commitments financial liabilities, the Group subsequently measures these financial liabilities at amortised cost using the effective interest method. The amortised cost of the SLNs, loan receivable and SLNs commitments is adjusted to reflect revised estimated contractual cash flows, which are discounted at the original effective interest rate. The adjustment is recognised in the profit and loss, in net finance costs as a remeasurement gain or loss. The SLNs and SLN commitments are not classified as an investment for equity accounting purposes, and therefore have not been affected by equity accounting losses from the joint ventures. Presentation The SLNs and loan receivable financial assets are presented within non-current financial assets in the consolidated balance sheet. The SLN commitments and SLNs issued under the same NWRG SLN facility are considered combined financial instruments as the terms of the SLN commitments are integral to the determination of the effective interest rate of the SLNs. These combined financial instruments are presented on a net basis.

The movement of the NWRG and STP JV SLNs, TC loan receivable and NWRG SLN commitments is set out below: NWRG STP JV

Total 2024 $'000

2025 $'000

2024 $'000

2025 $'000

2024 $'000

2025 $'000

Opening balance at 1 July—Financial assets

494,718 102,750

572,309

1,512,050

1,407,309

2,006,768 102,750 (151,636) 77,740 (11,115)

1,979,618

SLNs and loan issued SLNs and loan repaid

58,868

58,868

(98,838)

(204,701)

(52,798) 68,689 (24,855)

(48,543) 80,023 73,530

(253,244) 82,694 138,876

Capitalisation of accrued interest

9,051

2,671

Unwind of discount and remeasurement of SLNs¹

13,740

65,346

Change in expected credit losses

79

225

878

(269)

957

(44)

Closing balance at 30 June—Financial assets

521,500

494,718

1,503,964

1,512,050

2,025,464

2,006,768

Opening balance at 1 July—Financial liabilities

— — — — —

(21,582)

— — — — —

— — — — —

— — — — —

(21,582)

SLNs issued

22,132

22,132

Capitalisation of accrued interest

344

344

Unwind of discount and remeasurement of SLNs¹ Closing balance at 30 June—Financial liabilities

(894)

(894)

1. Includes adjustments from updating the expected timing of cash repayments from the SLNs.

170

Made with FlippingBook Digital Publishing Software