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NOTES TO THE FINANCIAL STATEMENTS CONTINUED
FOR THE YEAR ENDED 30 JUNE 2015
76
QANTAS ANNUAL REPORT 2015
27. NOTES TO THE CASH FLOW STATEMENT
ONCILIATION OF STATUTORY PROFIT/(LOSS) FOR THE YEAR TO NET CASH FROM OPERATING ACTIVITIES
Qantas Group
Note
2015
$M
2014
$M
Statutory profit/(loss) for the year 560 (2,843)
Adjustments for:
Non-cash items included in profit/(loss):
Depreciation and amortisation 1,096 1,422
Share-based payments 25 29 12
Impairment of specific assets and investments 28 387
Impairment of cash generating unit –2,560
Inventory write-off 410 61
Amortisation of deferred financing fees and lease benefits 24 18
Net (gain)/loss on disposal of property, plant and equipment (17) 1
Net gain on sale of controlled entity and related assets 4(11) (62)
Share of net loss of investments accounted for under the equity method 40 66
Other items 30 32
Cash items not included in profit/(loss) relating to operating activities:
Hedging related activities (240) (158)
Dividends received from investments accounted for under the equity method 5 4
Changes in other items:
–Receivables 28 274
–Inventories (30) (28)
–Other assets (13) 35
–Payables 25 15
–Revenue received in advance 360 360
–Provisions (103) 46
–Deferred tax assets/(liabilities) 227 (1,133)
Net cash from operating activities 2,048 1,069
(B) FINANCING FACILITIES
The total amount of financing facilities available to the Qantas Group as at balance date is detailed below:
Qantas Group
2015
$M
2014
$M
FINANCING FACILITIES
Committed bank overdraft1
Facility available 7 7
Amount of facility used – –
Amount of facility unused 7 7
Committed secured funding
Facility available –500
Amount of facility used – –
Amount of facility unused –500
1 The bank overdraft facility covers the combined balances of Qantas and its wholly owned controlled entities. Subject to the continuance of satisfactory credit ratings, the bank overdraft
facility may be utilised at any time. This facility may be terminated without notice.