Qantas 2007 Annual Report Download - page 91
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89Qantas |Annual Report 2007
Notes to the Financial Statements
for the year ended 30 June 2007
Qantas Group Qantas
2007
$M
2006
$M
2007
$M
2006
$M
At fair value
Engineering expendables 121.0 282.1 87.8 258.7
Consumable stores 37. 137.6 29.6 29.0
Work in progress 22.2 15.1 6.7 9.6
180.3 334.8 124.1 297.3
9. Assets Classified as Held for Sale
$M $M $M $M
Investments accounted for using the equity method1–3.2 ––
Property, plant and equipment25.4 9.2 1.8 2.9
Intangible assets3–11.8 –11. 8
5.4 24.2 1.8 14.7
The investment in Thai Air Cargo Company Limited was transferred to other shareholders at book value in August 2006.
Included in this amount were land and buildings which were placed on the market before 30 June 2006 with contracts exchanged in July 2006 on a delayed settlement basis. Settlement is expected
to occur post 30 June 2007. Of the three aircraft held for sale at 30 June 2006, one aircraft was sold at book value, one returned to service and one remains classified as held for sale.
An aircraft landing slot was disposed of for $15.0 million in the year to 30 June 2007 resulting in a gain of $3.2 million.
10. Other Investments
$M $M $M $M
Controlled entities ––294.4 240.4
Associates and jointly controlled entities at cost ––282.6 311.0
Other corporations13.1 53.7 3.0 4.5
3.1 53.7 580.0 555.9
Includes the investment in Air New Zealand which is carried at nil (2006: $49.2 million). In June 2007, the investment in Air New Zealand was sold for $106.2 million resulting in a gain of $30.6 million.
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8. Inventories