Qantas 2009 Annual Report Download - page 88

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86 Qantas Annual Report 2009
Statements of Changes in Equity
for the year ended 30 June 2009
QANTAS GROUP
$M
Balance as at 1 July 2007 4,481 (33) 27 120 (2) 1,042 5 5,640
Profit for the year – – – – – 969 1 970
Share-based payments – – 62 – – – – 62
Transfer of hedge reserve to the Income Statement1 – – – (209) – – – (209)
Recognition of effective cash flow hedges on capitalised assets – – – 72 – – – 72
Effective portion of changes in fair value of cash flow hedges – – – 438 – – – 438
Foreign currency translation of controlled entities – – – – (14) – – (14)
Foreign currency translation of associates – – – – (8) – – (8)
Total recognised income and expense – – 62 301 (22) 969 1 1,311
Shares bought back (505) – – – – – – (505)
Own shares acquired – (69) – – – – – (69)
Shares vested to employees – 41 (36) – – (5) – –
Acquisition of minority interest in controlled entity – – – – – – (1) (1)
Dividends declared – – – – – (640) (1) (641)
Balance as at 30 June 2008 3,976 (61) 53 421 (24) 1,366 4 5,735
Profit for the year – – – – – 117 6 123
Share-based payments – – 59 – – – – 59
Transfer of hedge reserve to the Income Statement1 – – – (81) – – – (81)
Recognition of effective cash flow hedges on capitalised assets – – – (61) – – – (61)
Effective portion of changes in fair value of cash flow hedges – – – (300) – – – (300)
Foreign currency translation of controlled entities – – – – 8 – – 8
Share of movement in associates hedge reserve – – – (8) – – – (8)
Total recognised income and expense – – 59 (450) 8 117 6 (260)
Shares issued 517 – – – – – – 517
Own shares acquired – (58) – – – – – (58)
Shares vested to employees – 61 (60) – – (1) – –
Minority interest in controlled entities acquired – – – – – – 39 39
Dividends declared 236 – – – – (439) (5) (208)
Balance as at 30 June 2009 4,729 (58) 52 (29) (16) 1,043 44 5,765
1. Amounts transferred from the hedge reserve of Qantas and its controlled entities to the Income Statements totalled $81 million (2008: $209 million).
These amounts were allocated to revenue of $301 million; (200 8: ($125) million) and fuel expenditure of: ($220) million; (2008: $334 million) in the Income Statements.
Issued Capital
Treasury Shares
Hedge Reserve
Foreign Currency
Translation Reserve
Retained
Earnings
Minority Interest
Total Equity
Employee
Compensation
Reserve