Qantas 2003 Annual Report Download - page 58

2003 Qantas Annual Report page 56
QANTAS GROUP FIVE-YEAR SUMMARY
for the year ended 30 June
Unit 2003^** 2002^** 2001 2000 1999
STATEMENT OF FINANCIAL PERFORMANCE
Sales and operating revenue* $M 11,374.9 10,968.8 10,188.2 9,106.8 8,448.7
Expenditure $M (10,807.9) (10,289.5) (9,492.4) (8,232.8) (7,686.1)
Earnings before interest and tax $M 567.0 679.3 695.8 874.0 762.6
Net borrowing costs $M (64.7) (48.3) (98.7) (111.2) (100.1)
Profit from ordinary activities before tax $M 502.3 631.0 597.1 762.8 662.5
Income tax expense $M (155.7) (201.7) (177.4) (244.9) (241.6)
Net profit $M 346.6 429.3 419.7 517.9 420.9
Outside equity interests in net (profit)/loss $M (3.1) (1.3) (4.3) (0.6) 0.7
Net profit attributable to members of
the Company for the year $M 343.5 428.0 415.4 517.3 421.6
Net profit attributable to members of the
Company for the six months to 31 December $M 352.5 153.5 262.9 337.8 222.9
Net profit/(loss) attributable to members of the
Company for the six months to 30 June $M (9.0) 274.5 152.5 179.5 198.7
SHARE INFORMATION
Earnings per share cents 20.0 29.1 33.0 42.8 35.4
Dividends per share cents 17.0 17.0 20.0 59.0 32.5
Dividend payout ratio % 85.0 58.4 60.6 137.9 91.8
Share price – high $ 4.88 4.92 4.25 5.28 5.00
Share price – low $ 2.85 2.60 2.36 3.12 2.27
Share price – closing $ 3.27 4.60 3.50 3.38 4.99
Weighted average number of ordinary shares M 1,721.2 1,469.4 1,258.5 1,209.3 1,189.7
Net tangible asset backing per share $ 2.89 2.61 2.51 2.34 2.52
EARNINGS BEFORE INTEREST AND TAX
International airline operations $M 221.6 202.8 458.7 374.8 308.3
Domestic airline operations $M 165.7 298.2 127.4 272.0 256.8
Subsidiary businesses $M 179.7 178.3 109.7 169.4 136.7
Items previously shown as abnormal $M –––57.8 60.8
Earnings before interest and tax $M 567.0 679.3 695.8 874.0 762.6
PERFORMANCE INDICATORS
Interest cover times 8.8 14.1 7.0 7.9 7.6
Return on equity (excl. operating leases) % 6.5 10.1 12.6 18.1 13.8
Return on equity (incl. operating leases) % 8.9 12.0 10.6 18.3 14.6
STATEMENT OF CASH FLOWS
Net cash provided by operating activities $M 1,290.8 1,143.3 1,100.7 1,599.8 1,208.3
Net cash used in investing activities $M (2,995.7) (2,306.1) (871.3) (262.7) (628.9)
Net cash provided by/(used in) financing activities $M 2,935.6 1,688.8 (659.0) (1,542.0) (396.4)
Net increase/(decrease) in cash held $M 1,230.7 526.0 (429.6) (204.9) 183.0
Capital expenditure $M 3,137.2 2,463.4 995.5 1,141.8 1,233.3
STATEMENT OF FINANCIAL POSITION
To tal assets $M 16,973.8 14,801.5 12,513.6 12,007.1 11,226.6
To tal liabilities $M 11,711.7 10,548.0 9,197.7 9,142.7 8,166.7
Net assets $M 5,262.1 4,253.5 3,315.9 2,864.4 3,059.9
Contributed equity $M 3,757.9 2,946.6 2,173.0 1,882.0 1,882.0
Reserves $M 54.0 56.3 54.3 54.0 52.8
Retained profits $M 1,435.9 1,239.1 1,078.0 926.8 1,124.1
Outside equity interests in controlled entities $M 14.3 11.5 10.6 1.6 1.0
Total equity $M 5,262.1 4,253.5 3,315.9 2,864.4 3,059.9
*Excludes proceeds on sale of non-current assets, and interest revenue which is included in net borrowing costs.
* * Passenger recoveries are now disclosed as part of net passenger revenue. Previously, passenger recoveries were netted against the relevant expenditure category.
Comparatives for 2002 have been adjusted accordingly.
^Passenger and freight revenue is now disclosed net of both sales discount and interline/IATA commission. Previously, only sales discount was netted against revenue,
with interline/IATA commission being shown as an expense item. Comparatives for 2002 have been adjusted accordingly.