Qantas 2011 Annual Report Download - page 70

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THE QANTAS GROUP 68
for the year ended 30 June 2011
Notes to the Financial Statements continued
A DIVIDENDS DECLARED AND PAID
No dividends were declared or paid in the current year by Qantas.
No nal dividend will be paid in relation to the year ended  June .
$ million (: $ million) of dividends were declared to non-controlling interest shareholders by non-wholly owned controlled entities.
B FRANKING ACCOUNT
Qantas Group

$M

$M
Total franking account balance at  per cent  
The above amount represents the balance of the franking account as at  June, after taking into account adjustments for:
— Franking credits that will arise from the payment of income tax payable for the current year
— Franking credits that will arise from the receipt of dividends recognised as receivables at the year end
— Franking credits that may be prevented from being distributed in subsequent years
The ability to utilise the franking credits is dependent upon there being sufcient available prots to declare dividends.
10. Cash and Cash Equivalents
Cash balances  
Cash at call  
Short-term money market securities and term deposits , ,
Total cash and cash equivalents , ,
Short-term money market securities of $ million (: $ million) held by the Qantas Group are pledged as collateral under the terms
of certain operational nancing facilities when underlying unsecured limits are exceeded. The collateral cannot be sold or repledged in the
absence of default by the Qantas Group.
9. Dividends