Notes to the financial statements (continued) Section 5: Other information (continued) 25. Related party transactions (continued)
ii. Government-related entities During the reporting years presented, Western Power engaged in the transactions shown in table 56 below, being significant in terms of size (total annual transaction was generally in excess of $20 million), with other public sector entities controlled by the Western Australian State Government.
C. Transactions with related parties (continued)
Table 56: Government-related entities
2024/25 $M
2023/24 $M
Note
Receipts Synergy Transmission and distribution network tariff revenue Western Australian Treasury Corporation
1,287 955 89 10 (815) (317) (197) (40) - (29)
1,519 1,190 175 31
8(e) 22(c)
Proceeds from borrowings Department of Treasury Proceeds from contributed equity Water Corporation Capital contributions
Payments Western Australian Treasury Corporation Repayments of borrowings Net finance costs paid Department of Treasury Contributions to tariff equalisation fund
8(e)
(827) (356) (230) - (71) (32)
28(b) 24(b)
Income tax equivalents paid Distributions to equity holder Department of Finance Payroll tax
Outstanding receivables (current) Synergy Network tariff receivables Department of Finance Current tax equivalent assets
183 -
179 48
Outstanding payables (current and non-current) Department of Finance
- (1,312) (7,672)
(31) (1,372) (8,030)
Current tax equivalent liabilities Deferred tax equivalent liabilities
16(b) 18(b)
Western Australian Treasury Corporation Borrowings (including accrued interest)
Future commitments Department of Treasury Tariff equalisation contribution
28(b)
(997)
(942)
130
Western Power Annual Report 2025
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