Qantas 2010 Annual Report Download - page 68

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THE QANTAS GROUP 66
for the year ended 30 June 2010
Notes to the Financial Statements continued
Qantas Group
2010
$M
2009
$M
Assets
Property, plant and equipment 69 26
Assets of DPEX disposal group 22 –
Total assets classi ed as held for sale 91 26
Liabilities
Liabilities of DPEX disposal group 4–
Total liabilities classi ed as held for sale 4 –
On 8 June 2010, the Qantas Group announced an agreement to sell the DPEX Group, which is part of the Qantas Freight operating segment.
The sale transaction completed in August 2010. The assets of the DPEX disposal group represent goodwill of $16 million and receivables and
other assets of $6 million. The liabilities of DPEX disposal group represent payables of $4 million.
14. Other Current Assets
Superannuation prepayment (refer Note 30) 248 226
Prepayments 138 95
Other 11 9
Total other current assets 397 330
15. Investments Accounted for using the Equity Method
Share of net (loss)/pro t of associates and jointly controlled entities
Associates (14) (25)
Jointly controlled entities 10 10
Total share of net (loss)/pro t of associates and jointly controlled entities (4) (15)
Investments accounted for using the equity method
Associates 65 76
Jointly controlled entities
—Star Track Express Holdings Pty Limited 266 270
—Other 47 41
Total investments accounted for using the equity method 378 387
(A) INVESTMENTS IN ASSOCIATES
Details of interests in associates are as follows:
Qantas Group
Ownership Interest
Principal Activity Country of Incorporation Balance Date
2010
%
2009
%
Air Paci c Limited Air transport Fiji 31 Mar 46 46
Fiji Resorts Limited Resort accommodation Fiji 31 Dec 21 21
Hallmark Aviation Services L.P. Passenger handling services United States of America 31 Dec 49 49
HT & T Travel Philippines, Inc. Tours and travel Philippines 30 Jun 28 28
Holiday Tours and Travel (Thailand) Ltd Tours and travel Thailand 31 Dec 37 37
Holiday Tours & Travel Vietnam Co. Ltd Tours and travel Vietnam 30 Jun 37 37
Jetstar Paci c Airlines Aviation Joint
Stock Company
Air transport Vietnam 31 Dec 27 27
PT Holidays Tours & Travel Tours and travel Indonesia 31 Dec 37 37
Tour East (T.E.T) Ltd Tours and travel Thailand 31 Dec 37 37
13. Assets and Liabilities Classi ed as Held for Sale