Qantas 2009 Annual Report Download - page 140

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138 Qantas Annual Report 2009
Notes to the Financial Statements
for the year ended 30 June 2009
31. Related Parties continued
Associates and jointly controlled entities
DetailsofinterestsinassociatesandjointlycontrolledentitiesareprovidedinNote14.Transactionswithassociatesandjointlycontrolledentities
are conducted on normal terms and conditions.
TransactionsbetweenQantasandassociatesandjointlycontrolledentitiesinclude:
•QantasprovidescateringandgroundhandlingservicesandperformsmaintenanceandcontractworkforAirPacificLimited(AirPacific);
•QantasprovidesramphandlingservicestoAustralianairExpressPtyLimited(AustralianairExpress);
•Qantasleasesaircraftanddomesticfreightcapacityandsub-leasescertainpropertytoAustralianairExpress;
•QantascodesharesoncertainAirPacificservicesforwhichitpayscapacityhirecosts;
•AustralianairExpressandtheStarTrackExpressGroupprovidecertaindomesticfreightanddocumentdeliveryservicesforQantas;
•QantasreceivesinterestfromtheStarTrackExpressGrouponaninvestmentloan;
•QantashasanenginetoolingarrangementwithLTQEngineeringPtyLimited;
•QantasreceivesenginemaintenanceservicesfromLTQEngineeringPtyLimited;and
•QantasprovidestreasuryservicestoAirPacificandJetstarPacificJointStockAviationCompany.
TransactionsandbalanceswithassociatesandjointlycontrolledentitiesareincludedintheFinancialStatementsasfollows:
Qantas Group Qantas
2009 2008 2009 2008
Notes $M $M $M $M
Sales and other income 152 131 22 73
Dividend revenue 4 – – 20 22
Financeincome 5 10 10 – 8
Expenditure 65 14 61 13
Currentreceivables 11 41 7 37 6
Non-currentreceivables 11 128 128 ––
Currentpayables 19 38 – 37–
Currentinterest-bearingliabilities 21 – 3 – 3