Qantas 2001 Annual Report Download - page 36

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Statement of FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 30 JUNE 2001
QANTAS GROUP
2001 2000
Notes $M $M
SALES AND OPERATING REVENUE
Net passenger revenue 7,941.8 6,975.6
Net freight revenue 596.3 543.0
Tours and travel revenue 604.3 551.8
Other sources* 1,045.8 1,036.4
Sales and operating revenue 410,188.2 9,106.8
EXPENDITURE
Manpower and staff related 2,549.9 2,295.8
Selling and marketing 1,141.6 1,051.0
Aircraft operating – variable 2,023.0 1,732.7
Fuel and oil 1,329.8 863.2
Property 246.9 215.2
Computer and communication 365.0 352.4
Depreciation and amortisation 706.7 634.0
Non-cancellable operating lease rentals 181.8 127.9
Tours and travel cost of sales 525.7 482.8
Capacity hire, insurance and other 422.0 477.8
Expenditure 9,492.4 8,232.8
EARNINGS BEFORE INTEREST AND TAX (EBIT) 695.8 874.0
Borrowing costs (167.7) (199.7)
Interest revenue 469.088.5
Net interest expense (98.7) (111.2)
PROFIT FROM ORDINARY ACTIVITIES BEFORE INCOME TAX EXPENSE 5597.1 762.8
Income tax expense relating to ordinary activities 6 (177.4) (244.9)
NET PROFIT 419.7 517.9
Outside equity interests in net profit (4.3) (0.6)
NET PROFIT ATTRIBUTABLE TO MEMBERS OF THE COMPANY 415.4 517.3
NON-OWNER TRANSACTION CHANGES IN EQUITY
Net exchange differences on translation of financial statements
of self-sustaining foreign operations 0.3 1.2
TOTAL CHANGES IN EQUITY FROM NON-OWNER RELATED TRANSACTIONS
ATTRIBUTABLE TO MEMBERS OF THE COMPANY 415.7 518.5
BASIC EARNINGS PER SHARE 33.0 cents 42.8
cents
DILUTED EARNINGS PER SHARE 32.6 cents 42.7
cents
* Excludes proceeds on sale (and on sale and leaseback) of non-current assets $163.9 million (2000: $889.7 million), and interest revenue of $69.0 million (2000:
$88.5 million) which is included in net interest expense.
The Statement of Financial Performance should be read in conjunction with the Discussion and Analysis on page 35 and the Notes to the Financial Statements on
pages 40 to 45.
p34 QANTAS CONCISE ANNUAL REPORT 2001