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73 ANNUAL REPORT 2011
for the year ended 30 June 2011
Notes to the Financial Statements continued
B INVESTMENTS IN JOINTLY CONTROLLED ENTITIES
Details of interests in jointly controlled entities are as follows:
Qantas Group
Ownership Interest
Principal Activity
Country of
Incorporation Balance Date

%

%
Australian air Express Pty LtdAir cargo Australia  Jun –
AUX Investment Pty LimitedInvestment holding company Australia  Jun  –
Harvey Holidays Pty LtdTours and travel Australia  Jun –
LTQ Engineering Pty Limited Maintenance services Australia  Jun  
Star Track Express Holdings Pty LimitedExpress road freight Australia  Jun –
. In October  the Group’s investments in Australian air Express Pty Ltd and Star Track Express Holdings Pty Limited were transferred to AUX Investment Pty Limited in exchange
for a  per cent shareholding in this entity. Refer to Note (B) for further details.
. On  June  the Qantas Group sold its  per cent interest in Harvey Holidays Pty Ltd. Refer to Note (B) for further details.
Qantas Group

$M

$M
RESULTS OF JOINTLY CONTROLLED ENTITIES
Revenues  ,
Expenditure () (,)
Prot before income tax expense  
Income tax expense () ()
Net prot of jointly controlled entities  
Qantas Group’s share of net prot of jointly controlled entities  
MOVEMENTS IN CARRYING AMOUNT OF INVESTMENTS IN JOINTLY CONTROLLED ENTITIES
Carrying amount of investments in jointly controlled entities as at  July  
Additional investment in jointly controlled entity – 
Share of net prot of jointly controlled entities  
Dividends received from jointly controlled entities () ()
Disposal of jointly controlled entity () –
Share of hedge reserve movement – 
Carrying amount of investments in jointly controlled entities as at  June  
SUMMARY FINANCIAL POSITION OF JOINTLY CONTROLLED ENTITIES
The aggregate assets and liabilities of jointly controlled entities 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 jointly controlled entities  
Adjustment arising from equity accounting
— Goodwill – 
Investments in jointly controlled entities accounted for using the equity method  
COMMITMENTS
Share of jointly controlled entities’ contracted capital expenditure commitments 
Share of jointly controlled entities’ contracted non-capital expenditure commitments  
Qantas Group’s share of jointly controlled entities’ commitments  
CONTINGENT LIABILITIES
Qantas Group’s share of jointly controlled entities’ contingent liabilities  
15. Investments Accounted for Using the Equity Method continued