Qantas 2007 Annual Report Download - page 127

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125Qantas |Annual Report 2007
Notes to the Financial Statements
for the year ended 30 June 2007
Qantas
Dividends declared in the current and prior year by Qantas are:
Type
Cents
per
Share
Total
Amount
$M Date of Payment
Franked Tax Rate for
Franking Credit
%
Percentage
Franked
%
2007
2007 special interim 15.0 297.7 19 March 2007 30 100
2006 final 11.0 215.1 4 October 2006 30 100
Total amount 26.0 512.8
2006
2006 interim 11.0 212.2 5 April 2006 30 100
2005 final 10.0 189.9 28 September 2005 30 100
Total amount 21.0 402.1
Subsequent events
The following dividends were proposed by the Directors after the balance date and a provision has not yet been raised:
2007 final 15.0 297.7 26 September 2007 30 100
Qantas Group Qantas
2007
$M
2006
$M
2007
$M
2006
$M
Total franking account balance at 30 per cent 184.1 150.0 184.1 150.0
The above amount represents the balance of the franking accounts as at year end, after taking into account adjustments for:
franking credits that will arise from the payment of income tax payable for the current year;
franking credits that will arise from the receipt of dividends recognised as receivables at the year end; and
franking credits that may be prevented from being distributed in subsequent years.
The ability to utilise the franking credits is dependent upon there being sufficient available profits to declare dividends. The impact on the dividend
franking account of dividends proposed after balance date but not recognised as a liability is to reduce it to $56.5 million (2006: $57.8 million).
Qantas Group
In addition to $512.8 million (2006: $402.1 million) declared to Qantas shareholders, $1.0 million (2006: $0.3 million) of dividends were declared to
minority interest shareholders.
30. Segment Information
The segmentation of the Qantas Group is progressively being implemented to deliver a broad range of benefits to the business.
Financial reporting system changes to transition Qantas to a segmented model are currently under development. Disclosure of segment information is
provided as follows:
Qantas;
Jetstar;
Qantas Holidays; and
Qantas Flight Catering.
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29. Dividends