Qantas 2011 Annual Report Download - page 90

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THE QANTAS GROUP 88
for the year ended 30 June 2011
Notes to the Financial Statements continued
Qantas Group

$M

$M
AS LESSOR
Operating lease receivables not recognised in the Consolidated Financial Statements
Receivable:
Not later than one year  
Later than one year but not later than ve years  
Later than ve years  
Total operating lease receivables not recognised in the Consolidated Financial Statements  
Qantas leases out freighter aircraft under long-term operating leases with rentals received monthly.
C CAPITAL EXPENDITURE COMMITMENTS
Capital expenditure commitments contracted but not provided for in the Consolidated Financial Statements
Aircraft , ,
Building works  
Other  
, ,
Payable:
Not later than one year , ,
Later than one year but not later than ve years , ,
Later than ve years , ,
Total capital expenditure commitments contracted but not provided for in the Consolidated
Financial Statements , ,
The above amounts exclude uncommitted aircraft purchase payments that may be made if cancellable aircraft options are exercised. The
Qantas Group has a number of slide rights available on committed aircraft capital expenditure that are generally exercisable  months prior
to contracted delivery.
29. Contingent Liabilities
Details of contingent liabilities are set out below. The Directors are of the opinion that provisions are not required with respect to these matters,
as it is not probable that a future sacrice of economic benets will be required or the amount is not capable of reliable measurement.
Performance guarantees and letters of comfort to support operating lease commitments and other
arrangements entered into with other parties  
General guarantees in the normal course of business  
Contingent liabilities relating to current and threatened litigation  
 
AIRCRAFT FINANCING
As part of the nancing arrangements for the acquisition of aircraft, the Qantas Group has provided certain guarantees and indemnities
to various lenders and equity participants in leveraged lease transactions. In certain circumstances, including the insolvency of major
international banks and other AAA rated counterparties, the Qantas Group may be required to make payments under these guarantees.
FREIGHT AND PASSENGER THIRD PARTY CLASS ACTIONS
Qantas is a party to a number of third party class actions relating to its freight and passenger divisions. Qantas continues to have a number
of defences to these class actions. Qantas expects the outcome of these class actions will be known over the course of the next few years.
28. Commitments continued