Qantas 2009 Annual Report Download - page 139

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137 Qantas Annual Report 2009
Notes to the Financial Statements
for the year ended 30 June 2009
31. Related Parties continued
(B) OTHER RELATED PARTY TRANSACTIONS
Controlled entities
DetailsofinterestsincontrolledentitiesaresetoutinNote32.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:
•Qantasprovidesarangeofadministrative,financialandtreasuryservicestocontrolledentities;
•QantasprovidesgroundhandlingservicestoJetstarAirwaysPtyLimited(Jetstar)andQantasLink;
•JetstarandQantasLinkprovidefreightcapacitytoQantas;
•QantasCateringGroupLimitedandcontrolledentitiesandSnapFreshPtyLimitedprovideairlinecateringandrelatedservicestoQantas;
•QantascodesharesoncertainJetstarservicesforinboundinternationalpassengersandQantasFrequentFlyersforwhichitpayscapacityhirecosts;
•QHToursLtdandcontrolledentitiesandQantasactasanagentforeachother’sproducts;
•SouthernCrossInsurancesPteLimitedprovidesinsuranceservicestoQantasanditscontrolledentities;
•AALAviationLimitedanditscontrolledentitiesassistinthehiringofaircraftcapacityforQantas;
•QantasCabinCrew(UK)LimitedprovidescabincrewtoQantas;
•JetconnectLimitedprovidesflightsandcabincrewtoQantas;
•Qantasleasesaircraftfromcontrolledentities;
•Qantasleasespropertytoandfromcontrolledentities;
•QantasleasesaircrafttoJetstar;
•QantasleasesaircrafttoExpressFreightersAustraliaPtyLimited;
•ExpressFreightersAustraliaPtyLimitedpurchasesfreightcapacityonpassengeraircraftfromJetstar;
•QantasprovidestreasuryservicestoJetstarAsiaAirwaysPteLtd(JetstarAsia);
•Qantashassub-leasedaircraftfromJetstarAsia;
•QantashassecondedemployeesandprovidedvarioussupportservicestoJetstarAsia;
•QantasGroupFlightTrainingPtyLimitedprovidespilottrainingservicestoQantas;and
•QantasDomesticPtyLimitedprovidescabincrewservicestoQantas.
Transactionsandbalanceswithpartlyandwholly-ownedcontrolledentitiesareincludedintheFinancialStatementsasfollows:
Qantas
2009 2008
Notes $M $M
Sales and other income 775 339
Dividend revenue 4 429 602
Financecosts 5 62 99
Currentreceivables 11 1,584 1,630
Non-currentreceivables 11 1,880 396
Currentpayables 19 763 889
Currentinterest-bearingliabilities 21 266 177
Non-currentinterest-bearingliabilities 21 2,685 1,202