Qantas 2009 Annual Report Download - page 143
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Please find page 143 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.141 Qantas Annual Report 2009
Notes to the Financial Statements
for the year ended 30 June 2009
32. Particulars in Relation to Controlled Entities as at 30 June 2009 continued
33. Deed of Cross Guarantee
Pursuant to ASIC Class Order 98/1418 (as amended), the wholly-owned controlled entities identified in Note 32 are relieved from the Corporations Act
requirementsforpreparation,auditandlodgementofFinancialReportsandDirectors’Reports.
It is a condition of the Class Order that Qantas and each of the controlled entities in the Class Order enter into a Deed of Cross Guarantee. The effect of
theDeedisthatQantasguaranteestoeachcreditorpaymentinfullofanydebtintheeventofwind-upofanyofthecontrolledentitiesundercertain
provisionsoftheCorporationsAct2001.Ifawind-upoccursunderotherprovisionsoftheAct,Qantaswillonlybeliableintheeventthataftersixmonths
anycreditorhasnotbeenpaidinfull.ThecontrolledentitieshavealsogivensimilarguaranteesintheeventthatQantasiswoundup.
TheDeedwasrstenteredintobythecontrolledentitieson4June2001andsubsequentlyadditionalcontrolledentitiesbecamepartytotheDeedby
way of Assumption Deeds on 17 June 2002, 26 June 2006, 29 June 2007, 30 June 2008 and 29 June 2009.
On 8 August 2008, a Revocation Deed was lodged to remove Qantas Holidays Limited from the Deed. On 29 June 2009, a Revocation Deed was lodged to
remove QH Cruises Pty Limited and Qanlease Limited from the Deed.
A consolidated Income Statement and consolidated Balance Sheet, comprising Qantas and controlled entities which are a party to the Deed, after
eliminatingalltransactionsbetweenpartiestotheDeed,aresetoutonthenextpage:
QFBOC2008–1PtyLimited 22100510674 Australia 100 100
QFBOC2008–2PtyLimited 35100510727 Australia 100 100
QFCabinCrewAustraliaPtyLimited 1 46128382105 Australia 100 100
QFCalyon2009–1PtyLimited 17 23135258534 Australia 100–
QFCalyon2009–2PtyLimited 17 12135258490 Australia 100–
QFDash8LeasingPtyLimited 86107164750 Australia 100 100
QFDash8LeasingNo.2PtyLimited 18 44134259957 Australia 100–
QFDash8LeasingNo.3PtyLimited 18 48134259975 Australia 100–
QFDash8LeasingNo.4PtyLimited 17 91135258445 Australia 100–
QFECA2008–1PtyLimited 19 71133356475 Australia 100–
QFECA2008–2PtyLimited 19 73133356420 Australia 100–
SnapFreshPtyLimited 1 55092536475 Australia 100 100
Southern Cross Insurances Pte Limited Singapore 100 100
Thai Air Cargo Holdings Pty Limited 19 112 083 584 Australia 100 100
Travel Software Solutions Pty Limited 20 36 005 407 465 Australia 67 n/a
CargoNet Pty Limited 20 79 063 504 978 Australia 67 n/a
SCDS Holdings Pty. Ltd. 20 52 007 368 121 Australia 67 n/a
Travel Technologies Pty. Limited 20 15 077 822 603 Australia 67 n/a
TraveltrackSolutionsPtyLimited 20 72075185536 Australia 67 n/a
1. PursuanttoASICClassOrder98/1418(asamended),thesecontrolledentitiesarerelievedfromtheCorporationsAct2001requirementsforpreparation,auditandlodgementofFinancialReports.
JupiterAirOceaniaLimited,QantasDomesticPtyLimitedandQantasGroundServicesPtyLimitedbecamepartiestotheDeedofCrossGuaranteeon29June2009.
2. JetstarAirwaysPtyLimitedacquireda100percentinterestinQantasInvestments(NZ)LimitedfromJetconnectLimitedon18December2008.QantasInvestments(NZ)Limitedchangeditsnameto
Jetstar Airways Limited on 14 January 2009.
3. Newstar Investment Holdings Pte. Ltd. was incorporated on 16 March 2009. Newstar Investment Holdings Pte. Ltd. acquired a 100 per cent interest in Orangestar Investment Holdings Pte. Ltd. and its
controlledentitieson8April2009.OrangestarInvestmentHoldingsPte.Ltd.ceasedtobeequityaccountedfromthatdate.
4. TheQantasGroupdisposedof50percentofitsinterestinthisentityon1July2008.JetTurbineServicesPtyLimitedchangeditsnametoLTQEngineeringPtyLimitedon19December2008.LTQ
EngineeringPtyLimitedisnowheldasaninvestmentinajointlycontrolledentity.
5. TheQantasGroupacquireda75percentinterestinTourEast(2009)SdnBhd(formerlyknownasSTATravel(M)SdnBhd)on1September2008.
6. JetsetTravelworldLtdacquireda100percentinterestinQantasHolidaysLimitedandQantasBusinessTravelPtyLimitedinexchangeforQHToursLtdacquiringa58percentinterestinJetset
Travelworld Ltd and its controlled entities on 25 July 20 08.
7. JTGServicesPtyLimitedchangeditsnametoA.B.N.23124732136PtyLimitedon2February2009.
8. Jetset Travelworld Insurance Pty Ltd changed its name to JTG Travel Insurance Pty Limited on 1 July 2009.
9. JTGServicesPtyLimitedwasincorporatedon2February2009.
10. A Revocation Deed was lodged with ASIC on 8 August 2008 to remove Qantas Holidays Limited from the Deed of Cross Guarantee.
11. The Qantas Group disposed of 100 per cent of its interest in QH Cruises Pty. Limited. and Qanlease Limited on 29 June 2009. A Revocation Deed was lodged with ASIC on 29 June 2009 to remove
QH Cruises Pty. Limited. and Qanlease Limited from ASIC Class order 98/1418.
12. QantasDomesticPtyLimitedwasincorporatedon10December2008.
13.DocumentParcelExpressKoreaLtdresolvedtoleforvoluntaryliquidationon13February2009.
14.QantasFrequentFlyerOperationsPtyLimitedwasincorporatedon30July2008.
15. Qantas Ground Services Pty Limited was incorporated on 19 June 2009.
16.QFBNP2008-1PtyLimitedandQFBNP2008-2PtyLimitedwereincorporatedon16July2008.
17. QFCalyon2009-1PtyLimited,QFCalyon2009-2PtyLimitedandQFDash8LeasingNo.4PtyLimitedwereincorporatedon6February2009.
18.QFDash8LeasingNo.2PtyLimitedandQFDash8LeasingNo.3PtyLimitedwereincorporatedon20November2008.
19.QFECA2008-1PtyLimitedandQFECA2008-2PtyLimitedwereincorporatedon22September2008.
20.TheQantasGroupacquiredafurther17percentinterestinTravelSoftwareSolutionsPtyLimited(TSS)anditscontrolledentitieson8October2008.TheQantasGroup’sinterestinTSSisheldthrough
Qantas Air ways Limited and AAL Aviation Limited.
Qantas Group
Ownership Interest
Country of 2009 2008
CONTROLLED ENTITIES continued Footnote ACN/ABN Incorporation % %