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2003 Qantas Annual Report
DIRECTORS’ DECLARATION
to the Members of Qantas Airways Limited
In the opinion of the Directors of Qantas Airways Limited, the accompanying Concise Financial Report of the consolidated entity,
comprising Qantas Airways Limited and its controlled entities for the year ended 30 June 2003, set out on pages 40 to 53:
(a) has been derived from or is consistent with the full Financial Report for the financial year; and
(b) complies with Australian Accounting Standard AASB 1039 “ Concise Financial Reports” .
Signed pursuant to a Resolution of the Directors:
Margaret Jackson Geoff Dixon
Chairman Chief Executive Officer
Sydney, 1 September 2003
page 54
INDEPENDENT AUDIT REPORT ON THE CONCISE FINANCIAL REPORT
to the Members of Qantas Airways Limited
SCOPE
We have audited the Concise Financial Report of Qantas Airways Limited (“ the Company” ) and its controlled entities for the financial year ended
30 June 2003, consisting of the Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows, accompanying notes,
and the accompanying Discussion and Analysis on the Statement of Financial Performance, Statement of Financial Position and Statement of Cash
Flows (set out on pages 40 to 53) in order to express an opinion on it to the members of the Company. The Company’s Directors are responsible for
the Concise Financial Report.
Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance whether the Concise Financial
Report is free of material misstatement. We have also performed an independent audit of the full Financial Report of Qantas Airways Limited and
its controlled entities for the year ended 30 June 2003. Our audit report on the full Financial Report was signed on 1 September 2003, and was not
subject to any qualification.
Our procedures in respect of the audit of the Concise Financial Report included testing that the information in the Concise Financial Report is
consistent with the full Financial Report and examination, on a test basis, of evidence supporting the amounts, Discussion and Analysis, and other
disclosures which were not directly derived from the full Financial Report. These procedures have been undertaken to form an opinion whether,
in all material respects, the Concise Financial Report is presented fairly in accordance with Australian Accounting Standard AASB 1039 “ Concise
Financial Reports” .
The audit opinion expressed in this Report has been formed on the above basis.
AUDIT OPINION
In our opinion, the Concise Financial Report of Qantas Airways Limited and its controlled entities for the year ended 30 June 2003 complies
with Australian Accounting Standard AASB 1039 “ Concise Financial Reports” .
KPMG
Mark Epper
Partner
Sydney, 1 September 2003