Notes to the financial statements (continued) Section 3: Operational assets and liabilities (continued) 12. Right-of-use assets (continued) B. Amounts recognised in statement of financial position See table 23 below. C. Amounts recognised in profit or loss See table 24 below.
D. Movements in each class of right-of-use assets during the reporting years presented, are below: See table 25 below. E. Critical accounting estimates and judgements: present value of lease liabilities The historical cost of a right-of-use asset is largely determined by the initial measurement of the lease liability. Refer to note 19(d) for further details on the estimation of this measurement, being the present value of lease liabilities. F. Critical accounting estimates and judgements: impairment of non-financial assets Refer to note 11(h) for details of Western Power’s critical accounting estimates and judgements used to assess the impairment of right-of-use assets.
Table 23: Amounts recognised in statement of financial position
Total right-of- use assets $M
Other equipment $M
Fleet $M
Cost Accumulated depreciation
59 (31)
13 (2)
72 (33)
Carrying amount at 30 June 2025
28
11
39
Cost Accumulated depreciation
52 (31)
13 (9)
65 (40)
Carrying amount at 30 June 2024
21
4
25
Table 24: Amounts recognised in profit or loss
2024/25 $M
2023/24 $M
Note 5(b)
Depreciation (excluding capitalised depreciation)
(15)
(14)
Refer to note 12(a)(ii) for details of the depreciation method and estimated useful lives applied.
Table 25: Movements in each class of right-of-use assets during the reporting years presented
Total right-of- use assets $M
Other equipment $M
Fleet $M
25 30 (1) (15)
4 1 - 6 11
21 29 (1) (21)
Carrying amount at 1 July 2024 Additions Derecognition (disposals/terminations) Depreciation (note 12(c)) Carrying amount at 30 June 2025 Carrying amount at 1 July 2023 Additions Depreciation (note 12(c)) Carrying amount at 30 June 2024
28
39
16 18 (13)
5 - (1)
21 18 (14)
21
4
25
106
Western Power Annual Report 2025
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