Qantas 2012 Annual Report Download - page 83
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FOR THE YEAR ENDED 30 JUNE 2012
Notes to the Financial Statements continued
C ANALYSIS BY OPERATING SEGMENT
2012
$M Qantas Jetstar
Qantas
Frequent
Flyer
Qantas
Freight
Corporate/
Unallocated2Eliminations
Consolidated
Underlying
REVENUE AND OTHER INCOME
External segment revenue , , , , ,
Intersegment revenue , () (,) –
Total segment revenue and other income , , , , (,) ,
Share of net profit/(loss) of associates
and jointly controlled entities () – – –
EBITDAR1, () () ,
Non-cancellable operating lease rentals () () – () – – ()
Depreciation and amortisation (,) () () () () – (,)
Underlying EBIT () () ()
Underlying net finance costs () ()
Underlying PBT2()
1 EBITDAR (Underlying earnings before income tax expense, depreciation, amortisation, non-cancellable operating lease rentals and net finance costs) includes the impact
of the change in accounting estimates for discount rates of $30 million (Qantas $30 million), and Frequent Flyer accounting (Eliminations $5 million) as described in Note 1(c).
2 The Corporate segment is the only operating segment with Underlying PBT as the primary reporting measure. The primary reporting measure of other segments is Underlying EBIT.
2011
$M Qantas Jetstar
Qantas
Frequent
Flyer
Qantas
Freight
Other
businesses1
Corporate/
Unallocated3Eliminations
Consolidated
Underlying
REVENUE AND OTHER INCOME
External segment revenue , , , , ,
Intersegment revenue , (,) –
Total segment revenue and other income , , , , (,) ,
Share of net (loss)/profit of associates
and jointly controlled entities () – – – –
EBITDAR2, () ,
Non-cancellable operating lease rentals () () – () – – ()
Depreciation and amortisation (,) () () () () () () (,)
Underlying EBIT ()
Underlying net finance costs () ()
Underlying PBT3()
1 As a result of the merger of Jetset Travelworld Group with Stella Travel Services, Jetset Travelworld Group is no longer an operating segment as of 1 October 2010. Consequently,
the results of the Jetset Travelworld Group segment for the year ended 30 June 2011 represent the results for the period from 1 July 2010 to 30 September 2010. From 1 October
2010, the equity accounted result of the Group’s investment in Jetset Travelworld Group is included in the Qantas segment.
2 EBITDAR (Underlying earnings before income tax expense, depreciation, amortisation, non-cancellable operating lease rentals and net finance costs) includes the impact
of the Frequent Flyer accounting estimate of $172 million (Qantas Frequent Flyer $140 million and Eliminations $32 million) as described in Note 1(c).
3 The Corporate segment is the only operating segment with Underlying PBT as the primary reporting measure. The primary reporting measure of other segments is Underlying EBIT.
D UNDERLYING PBT PER SHARE
Qantas Group
2012
cents
2011
cents
Basic/diluted Underlying PBT per share 4.2 24.4
Refer to Note 8 for the weighted average number of shares used in the calculation of Underlying PBT per share.
2. Underlying PBT and Operating Segments continued
081