Qantas 2009 Annual Report Download - page 139
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Please find page 139 of the 2009 Qantas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.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
DetailsofinterestsincontrolledentitiesaresetoutinNote32.TransactionsbetweenQantasandcontrolledentitiesareconductedonnormalbusiness
termsandconditions.Inaddition,theQantasGrouphaspooledfundingarrangementswithitsmajordomesticbankerandassuchreciprocalborrowings
occurregularlybetweenQantasanditscontrolledentities.
TransactionsbetweenQantasandrelatedpartiesinthewholly-ownedgroupinclude:
•Qantasprovidesarangeofadministrative,financialandtreasuryservicestocontrolledentities;
•QantasprovidesgroundhandlingservicestoJetstarAirwaysPtyLimited(Jetstar)andQantasLink;
•JetstarandQantasLinkprovidefreightcapacitytoQantas;
•QantasCateringGroupLimitedandcontrolledentitiesandSnapFreshPtyLimitedprovideairlinecateringandrelatedservicestoQantas;
•QantascodesharesoncertainJetstarservicesforinboundinternationalpassengersandQantasFrequentFlyersforwhichitpayscapacityhirecosts;
•QHToursLtdandcontrolledentitiesandQantasactasanagentforeachother’sproducts;
•SouthernCrossInsurancesPteLimitedprovidesinsuranceservicestoQantasanditscontrolledentities;
•AALAviationLimitedanditscontrolledentitiesassistinthehiringofaircraftcapacityforQantas;
•QantasCabinCrew(UK)LimitedprovidescabincrewtoQantas;
•JetconnectLimitedprovidesflightsandcabincrewtoQantas;
•Qantasleasesaircraftfromcontrolledentities;
•Qantasleasespropertytoandfromcontrolledentities;
•QantasleasesaircrafttoJetstar;
•QantasleasesaircrafttoExpressFreightersAustraliaPtyLimited;
•ExpressFreightersAustraliaPtyLimitedpurchasesfreightcapacityonpassengeraircraftfromJetstar;
•QantasprovidestreasuryservicestoJetstarAsiaAirwaysPteLtd(JetstarAsia);
•Qantashassub-leasedaircraftfromJetstarAsia;
•QantashassecondedemployeesandprovidedvarioussupportservicestoJetstarAsia;
•QantasGroupFlightTrainingPtyLimitedprovidespilottrainingservicestoQantas;and
•QantasDomesticPtyLimitedprovidescabincrewservicestoQantas.
Transactionsandbalanceswithpartlyandwholly-ownedcontrolledentitiesareincludedintheFinancialStatementsasfollows:
Qantas
2009 2008
Notes $M $M
Sales and other income 775 339
Dividend revenue 4 429 602
Financecosts 5 62 99
Currentreceivables 11 1,584 1,630
Non-currentreceivables 11 1,880 396
Currentpayables 19 763 889
Currentinterest-bearingliabilities 21 266 177
Non-currentinterest-bearingliabilities 21 2,685 1,202