Qantas 2006 Annual Report Download - page 124

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122
Notes to the Financial Statements
for the year ended 30 June 2006
30. Dividends
Dividends recognised in the current and prior year by Qantas are:
Type
Cents
per
Share
Total
Amount
$M Date of Payment
Franked Tax Rate for
Franking Credit
%
Percentage
Franked
%
2006
2006 interim 11.0 212.2 5 April 2006 30 100
2005 final 10.0 189.9 28 September 2005 30 100
Total amount 21.0 402.1
2005
2005 interim 10.0 186.8 6 April 2005 30 100
2004 final 9.0 166.1 29 September 2004 30 100
Total amount 19.0 352.9
Subsequent Events
After the balance date the following dividends
were proposed by the Directors.
The dividends have not been provided.
The declaration and subsequent payment of
dividends has no income tax consequences.
2006 Final 11.0 215.1 4 October 2006 30 100
Qantas Group Qantas
2006
$M
2005
$M
2006
$M
2005
$M
Total franking account balance at 30 per cent 150.0 161.5 150.0 161.5
The above amount represents the balance of the franking accounts as at year end, after taking into account adjustments for:
• franking credits that will arise from the payment of income tax payable for the current fi nancial year;
• franking credits that will arise from the receipt of dividends recognised as receivables at the year end; and
• franking credits that may be prevented from being distributed in subsequent years.
The ability to utilise the franking credits is dependent upon there being sufficient available profits to declare dividends. The impact on the dividend franking
account of dividends proposed after the balance sheet date but not recognised as a liability is to reduce it by $57.8 million (2005: $79.1 million).
31. Segment Information
The segmentation of the Qantas Group into three separate business types (Flying Businesses, Flying Services and Associated Businesses) supported by a
corporate centre is progressively being implemented to deliver a broad range of benefits to the business.
Financial reporting system changes to transition Qantas to a segmented model are currently under development. Disclosure of segment information is provided
as follows:
• Qantas and Jetstar as the Qantas Group’s Flying Businesses, which are supported by Qantas Engineering, Airports and Qantas Freight;
• Qantas Holidays, which forms part of the Associated Businesses portfolio; and
• Catering, which refl ects the wholly-owned catering entities within the Airports and Catering segment which forms part of the Flying Services Businesses.