Qantas 2011 Annual Report Download - page 74
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THE QANTAS GROUP 72
for the year ended 30 June 2011
Notes to the Financial Statements continued
Qantas Group
$M
$M
RESULTS OF ASSOCIATES
Revenues ,
Expenditure (,) ()
Prot/(loss) before income tax expense ()
Income tax (expense)/benet ()
Net prot/(loss) of associates ()
Qantas Group’s share of net prot/(loss) of associates ()
MOVEMENTS IN CARRYING AMOUNT OF INVESTMENTS IN ASSOCIATES
Carrying amount of investments in associates as at July
Additional investment in associate –
Reclassication from controlled entity (refer to Note (B)) –
Share of net prot/(loss) of associates ()
Dividends received from associates () ()
Share of foreign currency translation reserve movements () ()
Share of hedge reserve movement
Carrying amount of investments in associates as at June
SUMMARY FINANCIAL POSITION OF ASSOCIATES
The aggregate assets and liabilities of associates is as follows:
Current assets
Non-current assets
Total assets ,
Current liabilities
Non-current liabilities
Total liabilities
Net assets
Qantas Group’s share of net assets of associates
Adjustment arising from equity accounting
— Goodwill
— Accumulated impairment () ()
Investments in associates accounted for using the equity method
CONTINGENT LIABILITIES
Qantas Group’s share of associates’ contingent liabilities
15. Investments Accounted for Using the Equity Method continued