Transurban Corporate Report FY25 Financial statements
Section D: Notes to the THT and TIL financial statements for the year ended 30 June 2025
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Financial risk management and derivatives (continued)
Borrowings in fair value hedges The table below shows the cumulative amount of fair value hedge adjustments that are included in the carrying amount of borrowings in the balance sheet. 2025 2024 $M $M Principal value 485 — Capitalised borrowing costs (2) — Amortised cost 483 — Cumulative fair value hedge adjustments 3 — Carrying amount 486 — During FY25 the net amount recognised in the profit and loss within finance costs relating to borrowings in fair value hedges was a loss of $3 million (2024: $nil). This was offset by a gain on associated derivative financial instruments of $3 million (2024: $nil). Market risk Foreign exchange risk Exposure Exposure to foreign currency risk after hedging at the reporting date, denominated in the currency in which the risk arises, are as follows: THT THT TIL 2025 2024 2025 2024 2025 2024 USD USD CHF CHF AUD AUD $M $M $M $M $M $M Receivables 1,140 587 — — 314 283 Payables (1,106) (553) — — (34) (53) Borrowings (2,143) (2,143) (685) (565) — — Cross-currency interest rate swaps 2,143 2,143 685 565 — — Net exposure 34 34 — — 280 230
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