Qantas 2009 Annual Report Download - page 144

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142 Qantas Annual Report 2009
Notes to the Financial Statements
for the year ended 30 June 2009
33. Deed of Cross Guarantee continued
Consolidated
2009 2008
INCOME STATEMENT $M $M
Profit before related income tax expense 322 1,391
Incometaxexpense 48 438
Profit for the year 274 953
Retained earnings as at 1 July 1,191 876
Shares vested to employees (1) (5)
Impactofentities(leaving)/joiningtheDeed (20) 7
Dividends declared (439) (640)
Retained earnings as at 30 June 1,005 1,191
BALANCE SHEET
CURRENT ASSETS
Cash and cash equivalents 3,309 2,445
Receivables 1,324 2,338
Other financial assets 561 1,082
Inventories 250 210
Currenttaxreceivable 128 –
Assets classified as held for sale 26 41
Other 302 245
Total current assets 5,900 6,361
NON-CURRENT ASSETS
Receivables 2,396 532
Other financial assets 344 462
Investments accounted for using the equity method 295 329
Other investments 394 74
Property, plant and equipment 11,833 11,952
Intangibleassets 447 412
Other 7 8
Total non-current assets 15,716 13,769
Total assets 21,616 20,130
CURRENT LIABILITIES
Payables 1,732 2,220
Revenue received in advance 3,033 3,266
Interest-bearingliabilities 726 634
Othernancialliabilities 641 960
Provisions 499 480
Currenttaxliabilities – 110
Deferredleasebenets/income 16 15
Total current liabilities 6,647 7,685
NON-CURRENT LIABILITIES
Revenue received in advance 1,232 1,083
Interest-bearingliabilities 6,626 3,958
Othernancialliabilities 268 597
Provisions 516 421
Deferredtaxliabilities 572 757
Deferredleasebenets/income 35 45
Total non-current liabilities 9,249 6,861
Total liabilities 15,896 14,546
Net assets 5,720 5,584
EQUITY
Issued capital 4,729 3,976
Treasury shares (58) (61)
Reserves 44 478
Retained earnings 1,005 1,191
Total equity 5,720 5,584