WP Annual Report SEP25

Financial report Directors’ report

Section 4: Debt and equity 17 Financial risk management

70

113

Corporate governance disclosure

83

18 Borrowings

120

Financial statements Statement of comprehensive income Statement of financial position Statement of changes in equity

19 Lease liabilities

121

84 85 86 87

20 Derivative financial instruments 21 Recognised fair value measurements

122 125 126 127 128

22 Contributed equity

Statement of cash flows

23 Hedging reserve and retained earnings

24 Dividends

Notes to the financial statements Section 1: Basis of preparation 1 Reporting entity

Section 5: Other information 25 Related party transactions 26 Remuneration of auditors

129

88 88 89

131 131 131

2 3

Basis of accounting

27 Contingencies 28 Commitments

Critical accounting estimates

and judgements Section 2: Profit for the reporting years presented 4 Income

29 Events occurring after the reporting date

132

91

Directors’ declaration

133

5 6 7

Expenses

93 94 95

Corporate directory

134

Net finance costs

Independent auditor’s report

135

Income tax equivalent expense

Section 3: Operational assets and liabilities 8 Cash and cash equivalents

97 98

9

Trade and other receivables

10 Inventories

100

11

Property, plant and equipment, and

101

intangible assets 12 Right-of-use assets

105 107 107 110

13 Trade and other payables

14 Provisions

15 Deferred income

16 Deferred tax equivalent liabilities

111

Western Power Annual Report 2025

69

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