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131
Qantas Annual Report 2006
Notes to the Financial Statements
for the year ended 30 June 2006
Qantas Group
Refs
Previous
GAAP
1 July
2004
$M
Effect of
Transition
to A-IFRS
$M
A-IFRS
1 July
2004
$M
Previous
GAAP
30 June
2005
$M
Effect of
Transition
to A-IFRS
$M
A-IFRS
30 June
2005
$M
Effect of
Adoption
of AASB
132 and 139
$M
A-IFRS
1 July
2005
$M
CURRENT ASSETS
Cash and cash equivalents1 335.9 1,029.4 1,365.3 198.0 1,705.8 1,903.8 – 1,903.8
Receivables1 2,116.3 (1,029.4) 1,086.9 2,836.1 (1,705.8) 1,130.3 (0.6) 1,129.7
Other financial assets – – – – – – 664.8 664.8
Net receivable under hedge/swap contracts 302.1 – 302.1 185.1 – 185.1 (185.1) –
Inventories 375.5 – 375.5 333.0 – 333.0 – 333.0
Other F 192.2 (5.3) 186.9 157.7 (5.2) 152.5 58.4 210.9
Total current assets 3,322.0 (5.3) 3,316.7 3,709.9 (5.2) 3,704.7 537.5 4,242.2
NON-CURRENT ASSETS
Receivables 304.6 – 304.6 287.7 – 287.7 – 287.7
Other financial assets – – – – – – 885.3 885.3
Net receivable under hedge/swap contracts 997.0 – 997.0 853.7 – 853.7 (853.7) –
Investments accounted for using
the equity method F 339.7 (1.0) 338.7 343.7 12.3 356.0 1.3 357.3
Other investments 110.1 – 110.1 99.9 – 99.9 (28.8) 71.1
Property, plant and equipment C,D,F 12,256.6 142.4 12,399.0 12,612.5 72.0 12,684.5 (1.1) 12,683.4
Intangible assets F 152.4 141.7 294.1 142.0 176.9 318.9 – 318.9
Deferred tax assets 0.9 – 0.9 0.2 – 0.2 – 0.2
Other 90.9 – 90.9 84.8 – 84.8 (24.4) 60.4
Total non-current assets 14,252.2 283.1 14,535.3 14,424.5 261.2 14,685.7 (21.4) 14,664.3
Total assets 17,574.2 277.8 17,852.0 18,134.4 256.0 18,390.4 516.1 18,906.5
CURRENT ASSETS Qantas
Cash and cash equivalents1254.7 1,029.4 1,284.1 339.9 1,705.8 2,045.7 – 2,045.7
Receivables1 2,203.4 (1,029.4) 1,174.0 2,841.3 (1,705.8) 1,135.5 (0.6) 1,134.9
Other financial assets – – – – – – 664.5 664.5
Net receivable under hedge/swap contracts 301.8 – 301.8 184.8 – 184.8 (184.8) –
Inventories 348.4 – 348.4 295.5 – 295.5 – 295.5
Other F 210.5 (5.3) 205.2 165.9 (5.2) 160.7 58.4 219.1
Total current assets 3,318.8 (5.3) 3,313.5 3,827.4 (5.2) 3,822.2 537.5 4,359.7
NON-CURRENT ASSETS
Receivables31,977.9 – 1,977.9 952.7 – 952.7 – 952.7
Other financial assets – – – – – – 863.2 863.2
Net receivable under hedge/swap contracts 952.3 – 952.3 831.6 – 831.6 (831.6) –
Other investments 777.2 – 777.2 746.6 – 746.6 – 746.6
Property, plant and equipment C,D,F 10,673.0 132.2 10,805.2 11,242.0 57.6 11,299.6 (1.1) 11,298.5
Intangible assets F 47.2 141.7 188.9 45.3 162.0 207.3 – 207.3
Deferred tax assets – – – – – – – –
Other 64.9 – 64.9 64.3 – 64.3 (24.4) 39.9
Total non-current assets 14,492.5 273.9 14,766.4 13,882.5 219.6 14,102.1 6.1 14,108.2
Total assets 17,811.3 268.6 18,079.9 17,709.9 214.4 17,924.3 543.6 18,467.9
1 Short-term money market deposits of $1,705.8 million at 30 June 2005 convertible into cash with a maturity of less than three months have been reclassified as cash and cash
equivalents under A-IFRS.
2 Inclusive of the tax impact of other A-IFRS transition adjustments.
3 Intercompany receivables of $16.7 million as at 30 June 2005 were reclassified from receivables to deferred tax liabilities in accordance with UIG 52.