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109
Qantas Annual Report 2005
~Notes to the Financial Statements~
for the year ended 30 June 2005
36. Events subsequent to balance date
With the exception of the declaration of a final ordinary dividend subsequent to balance date (refer Note 33) and the increase in fuel
costs referred to on page 12, there has not arisen in the interval between the end of the financial year and the date of this Financial
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.
37. Notes to the Statements of Cash Flows
Qantas Group Qantas
2005
$M
2004
$M
2005
$M
2004
$M
RECONCILIATION OF CASH
Cash as at the end of the financial year as shown in the Statements of Cash
Flows is reconciled to the related items in the Statements of Financial Position
as follows:
Cash on hand and at bank 115.3 110. 8 257.2 30.0
Cash at call 82.7 225.1 82.7 224.7
Short-term money market securities and term deposits 1,705.8 1,029.4 1,705.8 1,029.4
1,903.8 1,365.3 2,045.7 1,284.1
RECONCILIATION OF PROFIT FROM ORDINARY ACTIVITIES AFTER INCOME
TAX EXPENSE TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Net profit after tax attributable to members of Qantas 763.6 648.4 629.5 676.0
Add: depreciation and amortisation 1,100.0 1,005.6 961.1 871.0
Add/(less): loss/(profit) on sale of aircraft, engines and spares (13.0) 4.0 (12.2) 3.0
Add/(less): loss/(profit) on sale of land and buildings 1.1 (3.4) 0.7 (3.3)
Add/(less): loss/(profit) on sale of property, plant and equipment 2.3 (0.1) 1.7 0.8
Less: capitalised interest (74.4) (49.2) (74.4) (49.2)
Add: writedown of/(reversal of provision against) investments 7.4 –56.3 (130.7)
Less: share of associates’ and joint ventures’ net profit (1.8) (19.7) –
Add: dividends received from associates and joint ventures 26.8 11.9 ––
Add: write-off of intercompany loan –––5.2
Add/(less): other items (22.2) (35.6) 3.8 (12.2)
Movements in operating assets and liabilities:
(Increase)/decrease in receivables (44.0) (173.9) 37.6 (181.3)
Decrease in inventories 42.4 98.9 10.9 96.6
(Increase)/decrease in other assets 40.8 (17.8) 45.3 (106.8)
Increase/(decrease) in provisions 23.0 (76.8) 14.8 (65.8)
Increase in current tax liabilities 55.7 34.8 56.5 59.4
Decrease in deferred tax assets 0.5 43.8 –14.6
Increase in deferred tax liabilities 103.7 203.9 122.3 298.9
Increase/(decrease) in trade and other payables (52.8) 58.4 (143.9) 2.1
Increase/(decrease) in net intercompany payables ––(5.3) 163.8
Increase in revenue received in advance 42.5 334.9 50.1 291.8
Decrease in deferred lease benefits (51.6) (68.7) (43.8) (61.0)
Net cash provided by operating activities 1,950.0 1,999.4 1,711.0 1,872.9