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70
QANTAS ANNUAL REPORT 2014
CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2014
Qantas Group
Notes
2014
$M
2013
Restated1
$M
2012
Restated1
$M
CURRENT ASSETS
Cash and cash equivalents 10 3,001 2,829 3,398
Receivables 11 1,196 1,436 1,111
Other financial assets 25 172 180 88
Inventories 12 317 364 376
Assets classified as held for sale 13 134 42 73
Other 112 110 121
Total current assets 4,932 4,961 5,167
NON-CURRENT ASSETS
Receivables 11 158 174 472
Other financial assets 25 34 27 17
Investments accounted for under the equity method 14 143 190 457
Property, plant and equipment 15 10,500 13,827 14,139
Intangible assets 16 741 714 610
Deferred tax assets 17 548 – –
Other 262 139 23
Total non-current assets 12,386 15,071 15,718
Total assets 17,318 20,032 20,885
CURRENT LIABILITIES
Payables 18 1,851 1,844 1,865
Revenue received in advance 19 3,406 3,047 3,183
Interest-bearing liabilities 20 1,210 835 1,119
Other financial liabilities 25 182 86 369
Provisions 21 876 835 879
Liabilities classified as held for sale – – 12
Total current liabilities 7,525 6,647 7,427
NON-CURRENT LIABILITIES
Revenue received in advance 19 1,183 1,186 1,136
Interest-bearing liabilities 20 5,273 5,245 5,430
Other financial liabilities 25 66 54 224
Provisions 21 405 435 736
Deferred tax liabilities 17 –625 464
Total non-current liabilities 6,927 7,545 7,99 0
Total liabilities 14,452 14,192 15,417
Net assets 2,866 5,840 5,468
EQUITY
Issued capital 22 4,630 4,693 4,729
Treasury shares (16) (43) (42)
Reserves 22 (81) 128 36
Retained earnings (1,671) 1,057 741
Equity attributable to the members of Qantas 2,862 5,835 5,464
Non-controlling interests 4 5 4
Total equity 2,866 5,840 5,468
1 Restatement for the impact of revised AASB 119 relating to defined benefit superannuation plans. Refer to Note 38.
The above Consolidated Balance Sheet should be read in conjunction with the accompanying notes.