Notes to the financial statements (continued) Section 4: Debt and equity (continued) 17. Financial risk management (continued) ii. Financing arrangements Western Power has in place a borrowing facility with the WATC. Included in this, is a working capital facility that can be drawn down to meet short-term financing needs. The facility’s borrowing limit is set through the annual Western Australian State Budget or as amended from time to time by a formal process, including the mid-year State Budget review or via a letter of amendment.
The maximum amount of borrowings permitted by Western Power for the reporting year ended 30 June 2025 was $7,985 million (30 June 2024: $7,735 million). This is per the 2024/25 Western Australian State Budget handed down in May 2024 (30 June 2024: per the 2023/24 Western Australian State Budget handed down in May 2023). The unused portion of Western Power’s borrowing facility for the reporting years presented, is shown in table 41 below. The maximum amount of borrowings permitted for Western Power for the reporting year ended 30 June 2026 is $8,388 million. This is per the 2025/26 Western Australian State Budget handed down in May 2025.
Table 40: Trade receivables past due but not impaired
2024/25 $M
2023/24 $M
Due between 1 and 59 days Due between 60 and 89 days Due more than 90 days
5 1 9
4 1 8
15
13
Table 41: The unused portion of Western Power’s borrowing facility for the reporting years presented
2024/25 $M
2023/24 $M
Note
7,735
7,985
Borrowing limit Used portion of borrowing limit Domestic working capital facility Domestic currency loans Total used portion of borrowing limit Unused portion of borrowing limit
(40) (7,565) (7,605)
18(b) 18(b)
(51) (7,910) (7,961)
24
130
118
Western Power Annual Report 2025
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