Qantas 2008 Annual Report Download - page 78

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76 Qantas Annual Report 2008
Statements of Changes in Equity
for the year ended 30 June 2008
Qantas Group
Balance as at 1 July 2006 4,382.2 (23.8) 23.7 332.2 (35.4) 4.0 4.8 1,388.5 4.9 6,081.1
Impact of initial adoption
of Interpretation 13 – – – – – – – (508.4) – (508.4)
Restated balance 4,382.2 (23.8) 23.7 332.2 (35.4) 4.0 4.8 880.1 4.9 5,572.7
Profi t for the year – – – – – – – 672.6 0.2 672.8
Transfer of hedge reserve
to the Income Statement1– – – 9.7 – – – – – 9.7
Recognition of effective cash fl ow
hedges on capitalised assets – – – 41.2 – – – – – 41.2
Effective portion of changes in
fair value of cash fl ow hedges – – – (263.1) – – – – – (263.1)
Change in fair value of assets
available for sale – – – – 36.9 – – – – 36.9
Foreign exchange impact of fair
value reserve transferred to foreign
currency translation reserve – – – – (1.5) – 1.5 – – –
Foreign currency translation
of controlled entities – – – – – – (9.1) – (0.4) (9.5)
Acquisition of controlled entity – – – – – – – – 1.2 1.2
Own shares acquired – (24.5) – – – – – – – (24.5)
Shares vested to employees – 15.7 (13.9) – – – – (1.8) – –
Share-based payments – – 17.2 – – – – – – 17.2
Dividends declared 99.0 – – – – – – (512.8) (1.0) (414.8)
Balance as at 30 June 2007 4,481.2 (32.6) 27.0 120.0 – 4.0 (2.8) 1,038.1 4.9 5,639.8
Profi t for the year – – – – – – – 969.0 0.7 969.7
Shares bought back (505.7) – – – – – – – – (505.7)
Transfer of hedge reserve
to the Income Statement1– – – (208.8) – – – – – (208.8)
Recognition of effective cash fl ow
hedges on capitalised assets – – – 71.7 – – – – – 71.7
Effective portion of changes in
fair value of cash fl ow hedges – – – 437.8 – – – – – 437.8
Share of movement in jointly
controlled entity’s hedge reserve – – – 0.2 – – – – – 0.2
Foreign currency translation
of controlled entities – – – – – – (13.4) – (0.2) (13.6)
Foreign currency translation
of associates and jointly
controlled entities – – – – – – (7.1) – – (7.1)
Acquisition of minority interest
in controlled entity – – – – – – – – (1.2) (1.2)
Acquisition of further interest
in controlled entity previously
equity accounted – – – – – – – – 0.3 0.3
Own shares acquired – (69.2) – – – – – – – (69.2)
Shares vested to employees – 40.8 (35.9) – – – – (4.9) – –
Share-based payments – – 61.6 – – – – – – 61.6
Dividends declared – – – – – – – (639.8) (0.8) (640.6)
Balance as at 30 June 2008 3,975.5 (61.0) 52.7 420.9 – 4.0 (23.3) 1,362.4 3.7 5,734.9
Amounts transferred from the hedge reserve to the Income Statements totalled $208.8 million (2007: ($9.7) million). These amounts were allocated to revenue (2008: ($124.7) million;
2007: $18.1 million) and fuel expenditure (2008: $333.5 million; 2007: ($27.8) million) in the Income Statements.
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Issued Capital
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Treasury Shares
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Employee
Compensation Reserve
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Hedge Reserve
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Fair Value
Reserve
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Asset Revaluation
Reserve
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Foreign Currency
Translation Reserve
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Minority Interest
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Total Equity
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Retained Earnings
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