Qantas 2007 Annual Report Download - page 134

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132 Qantas |Annual Report 2007
Directors’ Declaration
1. In the opinion of the Directors of Qantas Airways Limited (Qantas):
(a) the Financial Statements and Notes, and the Remuneration Disclosures set out on pages 59 to 70 in the Remuneration Report in the Directors’
Report are in accordance with the Corporations Act 2001, including:
i. complying with Australian Accounting Standards (including Interpretations) and the Corporations Regulations 2001; and
ii. giving a true and fair view of the financial position of Qantas and the Qantas Group as at 30 June 2007 and of their performance as represented
by the results of their operations and their cash flows, for the year ended on that date;
(b) the Financial Report also complies with International Financial Reporting Standards as disclosed in Note 1(A);
(c) the remuneration disclosures that are included on pages 59 to 70 in the Remuneration Report in the Directors’ Report comply with Australian
Accounting Standard AASB 124 Related Party Disclosures; and
(d) there are reasonable grounds to believe that Qantas will be able to pay its debts as and when they become due and payable.
2. There are reasonable grounds to believe that Qantas and the controlled entities identified in Note 25 will be able to meet any obligations or liabilities
to which they are or may become subject to by virtue of the Deed of Cross Guarantee between Qantas and those controlled entities entered into
pursuant to ASIC Class Order 98/1418.
3. The Directors have been given the declarations required by section 295A of the Corporations Act 2001 from the Chief Executive Officer and the Chief
Financial Officer for the year ended 30 June 2007.
Signed in accordance with a Resolution of the Directors:
Margaret Jackson Geoff Dixon
Chairman Chief Executive Officer
27 August 2007
Directors’ Declaration