Qantas 2007 Annual Report Download - page 120

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118 Qantas |Annual Report 2007
Qantas Group
2007
$M
2006
$M
Share of net profit of associates and jointly controlled entities included in the Income Statement:
associates–14.7 12.4
jointly controlled entities–31.8 26.5
46.5 38.9
Investments accounted for using the equity method included in the Balance Sheet:
associates–78.1 67.0
jointly controlled entities–294.5 305.9
372.6 372.9
(A) Investments in associates
Details of interests in associates are as follows:
Ownership Interest Amount of Investment
Qantas Group Qantas Group
Name
Principal
Activity
Country of
Incorporation
Balance
Date
2007
%
2006
%
2007
$M
2006
$M
Air Pacific Limited Air transport Fiji 31 Mar 46.3 46.3 55.4 57.7
Fiji Resorts Limited Resort accomodation Fiji 31 Dec 20.6 –12.3 –
Hallmark Aviation Services LP Passenger handling
services
United States
of America
31 Dec 49.0 49.0 2.4 1.9
HT & T Travel Philippines Inc. Tours and travel Philippines 30 Jun 28.1 28.1 0.1 0.2
Holiday Tours and Travel (Thailand) Ltd. Tours and travel Thailand 31 Dec 36.8 36.8 0.4 0.4
Holiday Tours and Travel
Vietnam Joint Venture Company
Tours and travel Vietnam 30 Jun 36.8 36.8 0.1 0.1
Jupiter Air Oceania Limited Freight services Australia 31 Dec 47.6 47.6 0.3 0.5
Tour East (TET) Ltd. Tours and travel Thailand 31 Dec 36.8 36.8 2.0 1.1
Thai Air Cargo Company Limited1Freight services Thailand 31 Dec –49.0 ––
Travel Software Solutions Pty Limited Reservations systems Australia 30 Jun 50.0 50.0 5.1 5.1
Total associates 78.1 67.0
This investment was held for sale at 30 June 2006 as described in Note 9. As at 30 June 2006, its total assets were $3.2 million, total liabilities were nil and its results to 30 June 2006 were
equity accounted.
1
27. Investments Accounted for Using the Equity Method
Notes to the Financial Statements
for the year ended 30 June 2007