Qantas 2000 Annual Report Download - page 48

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46
FIVE YEAR SUMMARY
QANTAS GROUP FOR THE YEAR ENDED 30 JUNE 2000
Unit 2000 1999 1998 1997 1996
PROFIT AND LOSS STATEMENT
SALES AND OPERATING REVENUE * $m 9,106.8 8,448.7 8,131.5 7,834.4 7,600.4
Expenditure $m (8,290.6) (7,746.9) (7,549.8) (7,317.2) (7,096.0)
EARNINGS BEFORE INTEREST AND TAX $m 816.2 701.8 581.7 517.2 504.4
Net interest expense $m (111.2) (100.1) (103.7) (96.3) (103.0)
OPERATING PROFIT BEFORE TAX AND ABNORMALS $m 705.0 601.7 478.0 420.9 401.4
Abnormal items $m 57.8 60.8 – (17.2) –
NET PROFIT BEFORE TAX $m 762.8 662.5 478.0 403.7 401.4
Income tax expense $m (244.9) (241.6) (173.0) (151.0) (154.7)
NET PROFIT AFTER TAX $m 517.9 420.9 305.0 252.7 246.7
Outside equity interests in net (profit)/loss $m (0.6) 0.7 (0.2) – (0.5)
NET PROFIT FOR THE YEAR $m 517.3 421.6 304.8 252.7 246.2
Net profit for the six months to 31 December $m 337.8 222.9 165.8 151.6 148.1
Net profit for the six months to 30 June $m 179.5 198.7 139.0 101.1 98.1
SHARE INFORMATION
Earnings per share cents 42.8 35.4 26.8 23.6 24.2
Dividends per share cents 59.0 32.5 13.5 13.0 13.0
Dividend payout ratio % 137.9 91.8 50.4 55.1 53.7
Share price – high $ 5.28 5.00 3.21 3.15 2.47
Share price – low $ 3.12 2.27 2.13 1.79 2.03
Share price – closing $ 3.38 4.99 2.43 3.10 2.15
Weighted average number of ordinary shares m 1,209.3 1,189.7 1,138.6 1,069.6 1,017.9
Net tangible asset backing per share $ 2.34 2.52 2.49 2.38 2.35
EARNINGS BEFORE INTEREST AND TAX
International airline operations $m 374.8 308.3 271.9 274.7 267.8
Domestic airline operations $m 272.0 256.8 213.4 168.3 163.6
Subsidiary operations $m 169.4 136.7 96.4 74.2 73.0
EARNINGS BEFORE INTEREST AND TAX $m 816.2 701.8 581.7 517.2 504.4
PROFIT AND LOSS PERFORMANCE INDICATORS
Interest cover times 7.3 7.0 5.6 5.4 4.9
Return on shareholders’ equity (excl operating leases) % 18.1 13.8 10.3 9.5 10.1
Return on shareholders’ equity (incl operating leases) % 18.3 14.6 10.8 10.8 13.5
STATEMENT OF CASH FLOWS
Net cash provided by operating activities $m 1,599.8 1,208.3 1,218.4 1,110.8 936.4
Net cash used in investing activities $m (262.7) (628.9) (668.0) (71.1) (152.4)
Net cash used in financing activities $m (1,542.0) (396.4) (592.3) (744.3) (721.0)
NET (DECREASE)/INCREASE IN CASH HELD $m (204.9) 183.0 (41.9) 295.4 63.0
Capital expenditure $m (1,141.8) (1,233.3) (673.0) (610.6) (503.5)
BALANCE SHEET
Total assets $m 12,007.1 11,226.6 10,358.8 9,852.1 9,221.6
Total liabilities $m 9,142.7 8,166.7 7,396.4 7,181.1 6,785.0
NET ASSETS $m 2,864.4 3,059.9 2,962.4 2,671.0 2,436.6
Share capital $m 1,882.0 1,882.0 1,177.3 1,111.7 1,035.5
Reserves $m 54.0 52.8 689.0 609.9 574.4
Retained profits $m 926.8 1,124.1 1,094.1 947.4 824.9
Outside equity interests in controlled entities $m 1.6 1.0 2.0 2.0 1.8
TOTAL SHAREHOLDERS’ EQUITY $m 2,864.4 3,059.9 2,962.4 2,671.0 2,436.6
BALANCE SHEET STATISTICS
Net debt on balance sheet $m 925.8 782.8 737.4 1,049.1 1,605.7
Net debt including off balance sheet debt $m 2,503.6 2,134.7 2,226.8 2,680.7 3,558.1
Net debt including off balance sheet debt and
revenue hedge receivables $m 2,128.9 1,862.5 1,856.8 2,461.3 3,435.7
Net debt to net debt plus equity ratio 24:76 20:80 20:80 28:72 40:60
Net debt to net debt plus equity including off balance
sheet debt ratio 48:52 42:58 44:56 51:49 62:38
Net debt to net debt plus equity including
off balance sheet debt and revenue hedge receivables ratio 44:56 39:61 40:60 49:51 61:39
* Excludes proceeds on sale (and on sale and leaseback) of non-current assets, and interest revenue which is included in net interest expense.