Qantas 2006 Annual Report Download - page 125

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123
Qantas Annual Report 2006
Notes to the Financial Statements
for the year ended 30 June 2006
Qantas Jetstar
Qantas
Holidays
Qantas
Flight Catering Eliminations Consolidated
2006
$M
2005
$M
2006
$M
2005
$M
2006
$M
2005
$M
2006
$M
2005
$M
2006
$M
2005
$M
2006
$M
2005
$M
ANALYSIS BY BUSINESS SEGMENTS
Sales and other income
External segment revenue 12,107.8 11,241.1 649.9 440.2 719.4 707.8 169.6 174.8 ––13,646.7 12,563.9
Inter-segment revenue 287.1 254.7 52.7 75.4 190.0 233.7 365.1 377.3 (894.9) (941.1) ––
Total segment revenue 12,394.9 11,495.8 702.6 515.6 909.4 941.5 534.7 552.1 (894.9) (941.1) 13,646.7 12,563.9
Share of net profit of associates and jointly
controlled entities 38.7 15.7 – – 0.2 – – – ––38.9 15.7
Profit before related income tax expense and net
finance costs 648.2 903.2 10.8 35.6 29.8 50.9 37.0 24.3 – – 725.8 1,014.0
Net finance costs/(revenue) 69.8 112.4 ––(15.2) (12.6) –(0.1) ––54.6 99.7
Profit before related income tax expense 578.4 790.8 10.8 35.6 45.0 63.5 37.0124.4 ––671.2 914.3
Income tax expense 191.2 225.0
Profi t for the year 480.0 689.3
Depreciation and amortisation 1,231.2 1,223.7 9.4 7.4 1.4 2.0 7.8 8.2 ––1,249.8 1,241.3
Non-cash expense/(income) 8.7 (2.2) 0.5 0.1 –––(0.1) ––9.2 (2.2)
Assets
Segment assets 18,414.2 17,423.1 152.1 207.7 376.9 341.8 301.7 283.1 (434.5) (221.3) 18,810.4 18,034.4
Investments accounted for using the equity method 371.1 354.6 – – 1.8 1.4 – – – – 372.9 356.0
Total assets 18,785.3 17,777.7 152.1 207.7 378.7 343.2 301.7 283.1 (434.5) (221.3) 19,183.3 18,390.4
Liabilities
Total liabilities 12,977.2 12,387.0 145.4 275.5 225.0 223.2 189.1 196.1 (434.5) (221.3) 13,102.2 12,860.5
Payments for property, plant and equipment 1,496.2 1,761.6 26.2 36.0 0.2 2.6 4.5 6.1 – – 1,527.1 1,806.3
1 Changes in allocation of overhead resulted in a reduction of $11.8 million in the segment charge borne by QFCL and recovered by Qantas, compared to the previous year.