Qantas 2009 Annual Report Download - page 89

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87 Qantas Annual Report 2009
Statements of Changes in Equity
for the year ended 30 June 2009
QANTAS
$M
Balance as at 1 July 2007 4,481 (33) 27 122 65 4,662
Profit for the year – – – – 1,308 1,308
Share-based payments – – 62 – – 62
Transfer of hedge reserve to the Income Statement1 – – – (209) – (209)
Recognition of effective cash flow hedges on capitalised assets – – – 71 – 71
Effective portion of changes in fair value of cash flow hedges – – – 437 – 437
Total recognised income and expense – – 62 299 1,308 1,669
Shares bought back (505) – – – – (505)
Own shares acquired – (69) – – – (69)
Shares vested to employees – 41 (36) – (5) –
Dividends declared – – – – (640) (640)
Balance as at 30 June 2008 3,976 (61) 53 421 728 5,117
Profit for the year – – – – 484 484
Share-based payments – – 59 – – 59
Transfer of hedge reserve to the Income Statement1 – – – (68) – (68)
Recognition of effective cash flow hedges on capitalised assets – – – (61) – (61)
Effective portion of changes in fair value of cash flow hedges – – – (300) – (300)
Total recognised income and expense – – 59 (429) 484 114
Shares issued 517 – – – – 517
Own shares acquired – (58) – – – (58)
Shares vested to employees – 61 (60) – (1) –
Dividends declared 236 – – – (439) (203)
Balance as at 30 June 2009 4,729 (58) 52 (8) 772 5,487
1. Amounts transferred from the hedge reserve to the Income Statements totalled $68 million (2008: $209 million).
These amounts were allocated to revenue of $288 million (20 08: ($125) million and fuel expenditure of ($220) million (200 8: $334 million) in the Income Statement s.
Issued Capital
Treasury Shares
Employee
Compensation
Reserve
Hedge Reserve
Retained
Earnings
Total Equity