Qantas 2002 Annual Report Download - page 49

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Qantas Group
2002 2001
$M $M
11. Capital expenditure commitments
Capital expenditure commitments contracted but
not provided for in the financial statements:
Aircraft 8,750.0 10,234.6
Building works 203.7 86.8
Other 516.2 177.9
9,469.9 10,499.3
Payable
Not later than one year 2,986.7 1,386.7
Later than one year but not later than five years 4,362.1 4,241.3
Later than five years 2,121.1 4,871.3
9,469.9 10,499.3
12. Events subsequent to balance date
On 21 August 2002, Qantas announced its intention to raise up to $800 million of ordinary equity through an entitlement
offer to existing shareholders to support its capital expenditure program and help fund other potential investment
opportunities that may arise.
The funds will be raised by way of a non-renounceable entitlement offer made in two parts, an institutional entitlement
offer of $600 million and a retail entitlement offer of $200 million. Qualifying shareholders will be entitled to subscribe
for a pro-rata entitlement of 1 ordinary share for every 8.2 ordinary shares held, at an issue price of $4.20 per share.
The institutional component and $100 million of the retail component of the offer have been underwritten.
The institutional entitlement offer was successfully completed on 23 August 2002. Qantas will allocate shares to participating
institutions on 5 September 2002.
A prospectus for the retail entitlement offer is scheduled to be dispatched to qualifying shareholders by 6 September 2002
to allow those shareholders to subscribe for ordinary shares. The retail entitlement offer is scheduled to open on 9 September
2002 and close on 27 September 2002.
Other than the abovementioned, there has not arisen in the interval between the end of the financial year and the date of this
Report, any item, transaction or event of a material and unusual nature that, in the opinion of the Directors, has significantly
affected, or may significantly affect, the operations of the Qantas Group, the results of those operations, or the state of affairs
of the Qantas Group, in this financial year or in future financial years.
THE SPIRIT OF AUSTRALIA p47