Qantas 2010 Annual Report Download - page 66

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THE QANTAS GROUP 64
for the year ended 30 June 2010
Notes to the Financial Statements continued
(A) DIVIDENDS DECLARED AND PAID
Dividends declared and paid in the current and prior year by Qantas are:
2010 Cents per Share
Total
Amount
$M
Date of
Payment
Franked Tax
Rate for
Franking Credit
%
Percentage
Franked
%
2010 interim – – – – –
2009  nal – – – – –
Total – – – – –
2009
2009 interim 6.0 117 8 April 2009 30 100
2008  nal 17.0 322 1 October 2008 30 100
Total 23.0 439
No  nal dividend will be paid in relation to the year ended 30 June 2010.
Additionally, $4 million (2009: $15 million including a payment of a $10 million provision acquired on consolidation of the Jetset Travelworld Group)
of dividends were declared to non-controlling interest shareholders.
(B) FRANKING ACCOUNT
Qantas Group
2010
$M
2009
$M
Total franking account balance at 30 per cent 18 (17)
The above amount represents the balance of the franking account as at 30 June, after taking into account adjustments for:
—Franking credits that will arise from the payment of income tax payable for the current year
—Franking credits that will arise from the receipt of dividends recognised as receivables at the year end
—Franking credits that may be prevented from being distributed in subsequent years
The ability to utilise the franking credits is dependent upon there being suf cient available pro ts to declare dividends.
10. Cash and Cash Equivalents
Qantas Group
2010
$M
2009
$M
Cash balances 366 336
Cash at call 151 279
Short-term money market securities and term deposits 3,187 3,002
Total cash and cash equivalents 3,704 3,617
Short-term money market securities of $141 million (2009: $197 million) held by the Qantas Group are pledged as collateral under the terms of
certain operational  nancing facilities when underlying unsecured limits are exceeded. The collateral cannot be sold or repledged in the absence
of default by the Qantas Group.
9. Dividends