Qantas 2001 Annual Report Download - page 44

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Notes to the FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 JUNE 2001
QANTAS GROUP
2001 2000
$M $M
5. INDIVIDUALLY SIGNIFICANT ITEMS INCLUDED IN PROFIT
FROM ORDINARY ACTIVITIES BEFORE INCOME TAX EXPENSE
Change in accounting policy for software development costs 46.0 –
Profit on sale of Mascot Head Office land and buildings 41.2 –
Revenue relating to assets sold by an associated company 43.3 –
Provision for redundancy costs (35.0) –
Profit on sale of investment in EQUANT NV –57.8
6. INDIVIDUALLY SIGNIFICANT ITEM INCLUDED
IN INCOME TAX EXPENSE
Tax credit arising from the restatement of deferred tax balances due to the change
in the company tax rate 20.0 45.0
7. RETAINED PROFITS
Retained profits at the beginning of the year 926.8 1,124.1
Net profit attributable to members of the Company 415.4 517.3
Dividends* (264.2) (714.6)
Retained profits at the end of the year 1,078.0 926.8
* Includes dividends paid to Outside Equity Interests and on shares issued to employees as part of the Qantas Profitshare Scheme.
8. DIVIDENDS
Dividends proposed or paid by Qantas are:
Total Franked Percentage
Cents Amount Tax Rate Franked
Type per Share $M Date of Payment % %
2001 Interim ordinary 11.0 141.5 4 April 2001 34 100
2001 Final ordinary 9.0 117.8 3 October 2001 30 100
20.0 259.3
2000 Interim ordinary 11.0 133.3 29 March 2000 36 100
2000 Final ordinary 11.0 133.3 4 October 2000 34 100
2000 Special 37.0 448.0 1 December 2000 34 100
59.0 714.6
p42 QANTAS CONCISE ANNUAL REPORT 2001