Qantas 2006 Annual Report Download - page 88

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86
Notes to the Financial Statements
for the year ended 30 June 2006
8. Inventories
Qantas Group Qantas
2006
$M
2005
$M
2006
$M
2005
$M
At fair value
Engineering expendables 281.8 264.7 258.4 244.0
Consumable stores 37.6 47.1 29.0 36.6
Work in progress 15.1 20.8 9.6 14.5
Aircraft spare parts held for sale 0.3 0.4 0.3 0.4
334.8 333.0 297.3 295.5
9. Assets Classifi ed as Held for Sale
$M $M $M $M
Investments accounted for using the equity method13.2 –––
Property, plant and equipment29.2 –2.9 –
Intangible assets311.8 –11.8 –
24.2 –14.7 –
1 The investment in Thai Air Cargo Company Limited is classified as held for sale as the Qantas Group’s investment was transferred to other shareholders at book value in
August 2006.
2 Included in this amount are land and buildings which were placed on the market before 30 June 2006 with contracts exchanged in July 2006 resulting in a gain on disposal
of $11.6 million and three aircraft which are currently marketed for sale with disposal expected to take place at book value shortly after the Financial Report is signed.
3 An agreement to sell aircraft landing slots was reached prior to 30 June 2006 and the disposal is expected to take place shortly after the Financial Report is signed. The
disposal is expected to result in a small gain.
10. Other Assets
CURRENT $M $M $M $M
Advances, prepayments and other 86.4 76.9 69.1 97.0
Deferred expenditure –75.6 –63.7
86.4 152.5 69.1 160.7
NON-CURRENT
Deferred expenditure –70.5 –53.4
Other 9.9 14.3 8.2 10.9
9.9 84.8 8.2 64.3
11. Other Investments
NON-CURRENT $M $M $M $M
Controlled entities at net book value ––240.4 439.1
Associates and jointly controlled entities at cost ––311.0 295.7
Other corporations153.7 99.9 4.5 11.8
53.7 99.9 555.9 746.6
1 Includes the investment in Air New Zealand Limited which is carried at $49.2 million (2005: $88.1 million).