| Contents | 3 |
| About Us | 4 |
| Chairman's Overview | 6 |
| CEO Overview | 8 |
| Performance Summary | 14 |
| Financial Summary & Performance | 16 |
| Hunter Valley Network | 18 |
| Interstate Network | 24 |
| Safety | 28 |
| People | 31 |
| Community & Environment | 32 |
| Directors' Report | 34 |
| Corporate Governance Statement | 42 |
| Financial Statements | 48 |
| Notes to the Consolidated Financial Statements | 55 |
| Summary of Significant Accounting Policies | 56 |
| Significant Accounting Estimates and Judgements | 66 |
| Expenses | 68 |
| Financial Assets and Financial Liabilities | 69 |
| Income Tax Expense / (Benefit) | 71 |
| Non-Financial Assets and Liabilities | 73 |
| Equity | 85 |
| Cash Flow Information | 88 |
| Capital Management | 89 |
| Financial Risk Management | 90 |
| Subsidiaries | 100 |
| Contingencies | 100 |
| Commitments | 101 |
| Directors and Key Management Personnel Disclosures | 102 |
| Renumeration of Auditors | 103 |
| Related Party Disclosures | 104 |
| Significant Events After the Balance Date | 104 |
| Parent Entity Financial Information | 105 |
| Directors' Declaration | 107 |
| Independent Auditor's Report | 108 |
| Compliance Index | 110 |