Qantas 2005 Annual Report Download - page 112
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110
Spirit of Australia
~Notes to the Financial Statements~
for the year ended 30 June 2005
Qantas Group Qantas
2005
$M
2004
$M
2005
$M
2004
$M
ENTITIES ACQUIRED DURING THE YEAR
Consideration 14.5 –––
Cash acquired 0.1 –––
14.6 –––
Fair value of net assets of entity acquired
Property, plant and equipment 14.3 –––
Deferred tax assets 0.3 –––
Cash 0.7 –––
Inventories 0.2 –––
Receivables 2.6 –––
Other assets 3.8 –– –
Loans from related parties (8.3) –––
Payables (2.3) –––
Current tax liability (0.2) –––
Provision for restructuring (0.4) –––
Other provisions (2.9) –––
7.8 –––
Goodwill on acquisition 6.8 –––
Consideration cash 14.6 –––
Caterair Airport Services Pty. Limited acquired the remaining 49 per cent of Caterair Airport Services (Sydney) Pty Limited on 22 October
2004 for a purchase price of $14.5 million. As a result of this acquisition, additional goodwill on acquisition of $6.8 million has been
recognised by the Qantas Group.
37. Notes to the Statements of Cash Flows continued