Qantas 2013 Annual Report Download - page 162

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160
Qantas
2013
$M
2012
$M
CONDENSED STATEMENT OF COMPREHENSIVE INCOME
Statutory prot/(loss) for the year 694 (498)
Effective portion of changes in fair value of cash ow hedges, net of tax 106 (51)
Transfer of hedge reserve to the Income Statement, net of tax (50) (89)
Recognition of effective cash ow hedges on capitalised assets, net of tax 21 92
Total other comprehensive income/(loss) for the year 77 (48)
Total comprehensive income/(loss) for the year 771 (546)
CONDENSED CASH FLOW STATEMENT
Net cash from operating activities 1,298 1,289
Net cash used in investing activities (703) (2,009)
Net cash (used)/from in nancing activities (1,033) 425
Net decrease in cash and cash equivalents held (438) (295)
Cash and cash equivalents held at the beginning of the year 3,093 3,388
Effects of exchange rate changes on cash and cash equivalents – –
Cash and cash equivalents at the end of the year 2,655 3,093
B CAPITAL EXPENDITURE COMMITMENTS
Capital expenditure commitments contracted but not provided for in the Financial Statements, payable:
Not later than one year 1,029 1,083
Later than one year but not later than ve years 4,618 7,930
Later than ve years 3,444 4,928
9,091 13,941
Qantas has a number of cancellation and deferral rights within its aircraft purchase contracts which can reduce or defer the above
capital expenditure. The Company also has further opportunities to place ordered aircraft with its associates.
C FINANCING FACILITIES
The Financing facilities held by the parent entity are the same as those held by the Group as disclosed in Note 27.
D CONTINGENT LIABILITIES
The Contingent liabilities held by the parent entity are the same as those held by the Group as disclosed in Note 30.
E PARENT ENTITY GUARANTEES IN RESPECT OF DEBTS OF ITS SUBSIDIARIES
The parent entity has entered into a Deed of Cross Guarantee with the effect that the Company guarantees debts in respect of its
subsidiaries. Further details of the Deed of Cross Guarantee and the subsidiaries subject to the Deed are disclosed in Note 34.
F INTERESTBEARING LIABILITIES
The parent entity has total interest-bearing liabilities of $7,976 million (2012: $8,539 million) of which $3,960 million (2012: $4,338 million)
represents lease and hire purchase liabilities payable to controlled entities. Of the $4,016 million (2012: $4,201 million) payable to
other parties, $2,097 million (2012: $2,100 million) represents secured bank loans and lease liabilities with the remaining balance
representing unsecured loans and deferred lease benets.
Notes to the Financial Statements continued
FOR THE YEAR ENDED 30 JUNE 2013
37. Parent Entity Disclosures for Qantas Airways Limited (Qantas)
continue
d