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98
Notes to the Financial Statements
for the year ended 30 June 2006
18. Issued Capital
Qantas Group Qantas
2006
$M
2005
$M
2006
$M
2005
$M
Issued and paid up capital: 1,955,035,444 (2005: 1,897,648,748)
ordinary shares, fully paid as at 30 June 4,382.2 4,181.5 4,382.2 4,181.5
Movements in the share capital of Qantas during the current and prior years were as follows:
Date Details
Number
of Shares
M$M
1 July 2004 Opening balance 1,845.1 3,994.9
1 July 2004 Initial adjustment on adoption of A-IFRS – 8.2
1 July 2004 Adjusted opening balance 1,845.1 4,003.1
29 September 2004 DRP 22.7 73.8
6 April 2005 DRP 29.8 104.6
30 June 2005 Closing balance 1,897.614,181.5
1 July 2005 Effect of transition to AASB 132 and 139 – 10.8
1 July 2005 Adjusted opening balance 1,897.6 4,192.3
28 September 2005 DRP 31.0 97.4
15 February 2006 Issue of shares under QLTEIP 2.1 –
5 April 2006 DRP 24.3 92.5
30 June 2006 Closing balance 1,955.0 4,382.2
1 Includes the conversion of an amount of 1,280,109 QLTEIP Entitlements into 388 shares on 18 August 2004 and a further amount of 1,844,861 QLTEIP Entitlements into
59,177 shares on 16 February 2005.
Holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at shareholders’ meetings.
In the event of winding-up, Qantas ordinary shareholders rank after all creditors and are fully entitled to any residual proceeds on liquidation.
19. Reserves
Qantas Group Qantas
2006
$M
2005
$M
2006
$M
2005
$M
Employee compensation reserve 23.7 13.7 6.3 3.2
Hedge reserve 332.2 –332.2 –
Fair value reserve (35.4) –––
Asset revaluation reserve 4.0 4.4 ––
Foreign currency translation reserve 4.8 (3.5) ––
329.3 14.6 338.5 3.2