Qantas 2011 Annual Report Download - page 67
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65 ANNUAL REPORT 2011
for the year ended 30 June 2011
Notes to the Financial Statements continued
Qantas Group
$M
$M
OTHER REVENUE
Contract work revenue
Passenger service fees
Frequent Flyer store and other redemption revenue
Frequent Flyer marketing revenue
Frequent Flyer membership fees and other revenue
Lease revenue
Rolls-Royce settlement revenue –
Ancillary passenger revenue
Tours and travel revenue
Qantas Club membership fees
Freight terminal fee revenue
Retail, advertising and other property revenue
Other
Total other revenue , ,
OTHER EXPENDITURE
Selling and marketing
Computer and communication
Property
Capacity hire
Airport security charges
Contract work material
Net impairment of property, plant and equipment
Other
Total other expenditure , ,
. Total Frequent Flyer redemption revenue less redemptions on Qantas Group’s ights which are reported as net passenger revenue in the Consolidated Income Statement.
. Net of intra-group marketing revenue within the Qantas Group.
4. Statutory Prot Before Income Tax Expense and Net Finance Costs
The following are included in statutory prot before income tax expense and net nance costs:
SIGNIFICANT AND OTHER ITEMS REQUIRING DISCLOSURE
Change in passenger aircraft residual value estimates () ()
Change in estimates for major cyclical maintenance costs for operating leased aircraft –
Legal provisions() –
Net loss on disposal of investments and related transaction costs() –
Redundancies, restructuring and other provisions () ()
Net loss on disposal of property, plant and equipment () ()
Net foreign currency losses () ()
Non-aircraft operating lease rentals () ()
. During the year ended June the Qantas Group changed the residual value estimates for passenger aircraft resulting in an increase in depreciation expense for the year ended
June of $ million (: $ million). Refer to Note (C) for further details.
. During the year ended June the Qantas Group changed its estimates of major cyclical maintenance costs for operating leased aircraft resulting in a decrease in net expenses
of $ million. Refer to Note (C) for further details.
. Legal provisions represent provisions for freight regulatory nes and third party class action.
. During the year ended June the Qantas Group disposed of its investments in DPEX Group and Harvey Holidays Pty Ltd. Additionally, the Group deconsolidated Jetset Travelworld
Group as a result of the merger of Jetset Travelworld Group with Stella Travel Services. These transactions resulted in a net loss of $ million in the current year after transaction costs.
Refer to Note (B) for further details.
3. Other Revenue and Expenditure