Qantas 2003 Annual Report Download - page 53

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NOTES TO THE FINANCIAL STATEMENTS continued
for the year ended 30 June 2003
page 51
Spirit of Australia
7. Segment information continued
Passenger, freight and other services revenue from domestic services within Australia is attributed to the Australian area. Passenger, freight and other
services revenue from inbound and outbound services between Australia and overseas are allocated proportionately to the area in which the sale was
made. Other operating revenue is not allocated to a geographic area as it is impractical to do so.
Qantas Group
2003 2002
$M $M
ANALYSIS OF TOTAL REVENUE BY GEOGRAPHIC REGION
PASSENGER, FREIGHT AND OTHER SERVICES REVENUE
Australia 6,449.0 5,987.8
United Kingdom and Europe 904.6 913.1
Japan 574.0 712.3
South-East Asia/North-East Asia 481.4 713.9
The Americas and the Pacific 813.2 872.9
New Zealand 404.0 357.8
Other regions (Africa and South America) 221.4 140.2
9,847.6 9,698.0
OTHER OPERATING REVENUE
Tours and travel revenue 696.3 674.4
Other unallocated revenue 831.0 596.4
Sales and operating revenue 11,374.9 10,968.8
REVENUE FROM OUTSIDE OPERATING ACTIVITIES
Interest revenue 107.7 69.3
Proceeds from sale of property, plant and equipment 36.7 12.7
Proceeds from sale of investments –39.3
Total revenue from outside operating activities 144.4 121.3
Total revenue from ordinary activities 11,519.3 11,090.1
SEGMENTAL ANALYSIS OF NET ASSETS AND PROFIT CONTRIBUTION
For the financial year ended 30 June 2003, the principal assets of the Qantas Group comprised the aircraft fleet all, except one, of which were
registered and domiciled in Australia. These assets are used flexibly across the Qantas Group’s worldwide route network. Accordingly, there is
no suitable basis for allocating such assets and the related liabilities between geographic areas.
Operating profit resulting from turnover generated in each geographic area according to origin of sale is not disclosed as it is neither practical
nor meaningful to allocate the Qantas Group’s operating expenditure on that basis. Disclosure is made of a more appropriate measure of profit
contributions in accordance with the Qantas Group’s internal reporting system, being the earnings before interest and tax contributed by the
international and domestic airline operations and subsidiary businesses.
Qantas Group
2003 2002
$M $M
SEGMENTAL ANALYSIS OF EARNINGS BEFORE INTEREST AND TAX
International airline operations 221.6 202.8
Domestic airline operations 165.7 298.2
387.3 501.0
Subsidiary businesses
Qantas Holidays 43.6 42.4
QantasLink 57.3 42.5
Qantas Flight Catering 73.3 69.6
Australian Airlines (14.7) –
Equity accounted associates 9.6 36.1
Other subsidiaries 10.6 (12.3)
To tal subsidiary businesses 179.7 178.3
Earnings before interest and tax 567.0 679.3
Inter-segment pricing is determined on an arm’s-length commercial basis.