Qantas 2003 Annual Report Download - page 36

2003 Qantas Annual Report page 34
DIRECTORS’ REPORT
for the year ended 30 June 2003
The Directors of Qantas Airways Limited (Qantas) present their report together with the Concise Financial Report of the consolidated entity,
being Qantas and its controlled entities (Qantas Group), for the financial year ended 30 June 2003 and the Audit Report thereon.
DIRECTORS
The Directors of Qantas at any time during or since the end of the financial year are:
Margaret Jackson, AC Geoff Dixon
Peter Gregg Paul Anderson (appointed 2 September 2002)
Mike Codd, AC Trevor Eastwood, AM
Jim Kennedy, AO, CBE Trevor Kennedy, AM
Roger M aynard John Schubert
Nick Tait, OBE.
Details of Directors, their experience and any special responsibilities are set out on pages 26 and 27.
PRINCIPAL ACTIVITIES
The principal activities of the Qantas Group during the course of the financial year were the operation of international and domestic air transportation
services, the sale of worldwide and domestic holiday tours, and associated support activities including information technology, catering, ground handling
and engineering and maintenance. There were no significant changes in the nature of the activities of the Qantas Group during the financial year.
DIVIDENDS
The Directors declared a final dividend of $159.7 million (final ordinary dividend of 9.0 cents per share) for the year ended 30 June 2003
(2002: final ordinary dividend of 9.0 cents per share). The final dividend will be fully franked and follows a fully franked interim ordinary dividend
of $140.5 million (8.0 cents per share), which was paid during the financial year.
REVIEW OF OPERATIONS AND STATE OF AFFAIRS
A review of the Qantas Group’s operations, including the results of those operations, and changes in the state of affairs of the Qantas Group during
the financial year is contained on pages 10 to 25. In the opinion of the Directors, there were no other significant changes in the state of affairs of
the Qantas Group that occurred during the financial year under review not otherw ise disclosed in this Annual Report.
EVENTS SUBSEQUENT TO BALANCE DATE
There has not arisen in the interval between the end of the financial year and the date of this Report, any item, transaction or event of a material
and unusual nature likely, in the opinion of the Directors, to significantly affect the operations of the Qantas Group, the results of those operations,
or the state of affairs of the Qantas Group, in this financial year or in future financial years.
LIKELY DEVELOPMENTS
Pages 5 to 9 of this Report include information on developments likely to affect the operations of the Qantas Group.
Further information about likely developments in the operations of the Qantas Group and the expected results of those operations in future financial
years has not been included in this Directors’ Report because disclosure of the information could be unreasonably prejudicial to the Qantas Group.
DIRECTORS’ MEETINGS
The number of Directors’ meetings held (including meetings of Committees of Directors) and the number of meetings attended by each of the
Directors during the financial year are as follows:
Safety,
Qantas Board Environment
Scheduled Unscheduled Audit1& Security Chairman’s
Meetings Meetings Committee Committee Committee
Directors Attended Held2Attended Held2Attended Held2Attended Held2Attended Held2
Margaret Jackson 8 8 2 2 3334
3455
Geoff Dixon 8 8 2 2 333443
35
Peter Gregg 8 8 2 2 3332
34
Paul Anderson 5 5 1 2
Mike Codd 8 8 2 2 3 3 4 4
Trevor Eastwood 8 8 2 2 3 3 5 5
Jim Kennedy 8 8 2 2 3 3 5 5
Trevor Kennedy 8 8 1 2
Roger M aynard 8 8 2 2 2431
34
John Schubert 7 8 2 2 4 4
Nick Tait 8 8 2 2 1534455
1Previously called the Audit, Risk & Compliance Committee.
2Reflects the number of meetings held during the time that the Director held office during the financial year.
3Attended meetings in an ex-officio capacity.
4Alternate Director (Nick Tait) attended the third meeting on Roger Maynard’s behalf.
5Attended meeting in an Alternate Director capacity (for Roger Maynard).