Qantas 2005 Annual Report Download - page 114

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112
Spirit of Australia
~Notes to the Financial Statements~
for the year ended 30 June 2005
38. Non-Director related parties
CONTROLLED ENTITIES
Details of interests in controlled entities are set out in Note 28. Transactions between Qantas and controlled entities are conducted on
normal business terms and conditions. In addition, the Qantas Group has pooled funding arrangements with its major domestic banker
and as such reciprocal borrowings occur regularly between Qantas and its controlled entities.
Transactions between Qantas and related parties in the wholly-owned group include:
x Qantas provides a range of administrative and treasury services to controlled entities;
x Qantas leases aircraft to and provides maintenance services to Australian Airlines;
x Qantas provides ground handling services to Australian Airlines, Jetstar and QantasLink;
x Australian Airlines, Jetstar and QantasLink provide freight capacity to Qantas;
x Qantas Flight Catering Holdings and controlled entities and Snap Fresh provide airline catering and related services to Qantas,
Australian Airlines and QantasLink;
x Qantas codeshares on certain Jetstar services for inbound international passengers and Qantas Frequent Flyers for which it pays
capacity hire costs;
x QH Tours and controlled entities and Qantas act as an agent for each other’s products;
x Southern Cross Insurances provides insurance services to Qantas;
x AAL Aviation and its controlled entities assist in the hiring of aircraft capacity;
x Qantas Cabin Crew (UK) provides cabin crew to Qantas;
x Jetconnect provides flights and cabin crew to Qantas;
x Qantas leases aircraft from controlled entities;
x Qantas leases property to and from controlled entities; and
x Qantas leases aircraft to Jetstar.
Transactions and balances with partly and wholly-owned controlled entities are included in the Financial Statements as follows:
Qantas
2005
$M
2004
$M
Sales and operating revenue (refer Note 2) 133.0 177.3
Dividend revenue (refer Note 2) –156.3
Interest revenue (refer Note 2) 0.1 1.3
Borrowing costs paid/payable (refer Note 3) 84.1 72.9
Current receivables (refer Note 8) 90.0 157.5
Non-current receivables (refer Note 8) 703.8 1,699.0
Current payables (refer Note 14) 80.4 167.3
Non-current interest-bearing liabilities (refer Note 15) 137.3 592.6