Qantas 2010 Annual Report Download - page 84

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THE QANTAS GROUP 82
for the year ended 30 June 2010
Notes to the Financial Statements continued
(iv) Financial Summary
The table below summarises the impact of material acquisitions on the Qantas Group’s  nancial statements at the respective date of acquisition.
Jetset Travelworld Group Jetstar Asia Group
Qantas
Group
2009
$M
Carrying
Values
Fair Value
Adjust
Fair
Value
Carrying
Values
Fair Value
Adjust
Fair
Value
Fair
Value
Consideration paid, including transaction costs – – 7 – – 61 68
Less: cash acquired (29) – (29) (49) – (49) (78)
Payments for controlled entities, net of cash acquired (22) 12 (10)
Net assets acquired
Receivables 21 – 21 16 2 18 39
Investments accounted for using the equity method – – – (19) – (19) (19)
Goodwill – 66 66 – 44 44 110
Intangible assets – 74 74 – 24 24 98
Other current and non-current assets 3 – 3 17 – 17 20
Payables (27) – (27) (32) – (32) (59)
Provisions (11) – (11) (14) – (14) (25)
Revenue received in advance – – – (26) – (26) (26)
Deferred tax liabilities (1) (22) (23) – – – (23)
Non-controlling interest – (39) (39) – – – (39)
Net assets acquired (15) 79 64 (58) 70 12 76
Gain on disposal of 42 per cent of Qantas Holidays (86) – (86)
(22) 12 (10)
(B) DISPOSAL – LTQ ENGINEERING PTY LIMITED
During the year ended 30 June 2009, the Qantas Group disposed of 50 per cent of its interest in LTQ Engineering Pty Limited (formerly Jet Turbine
Services Pty Limited) which ceased to be a controlled entity on that date and became a jointly controlled entity. There were no material effects of this
transaction on the Qantas Group’s  nancial position.
27. Acquisitions and Disposals of Controlled Entities continued