Qantas 2012 Annual Report Download - page 95

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FOR THE YEAR ENDED 30 JUNE 2012
Notes to the Financial Statements continued
Qantas Group
2012
$M
2011
$M
RESULTS OF ASSOCIATES
Revenues  ,
Expenditure () (,)
(Loss)/profit before income tax expense () 
Income tax expense () ()
Net (loss)/profit of associates () 
Qantas Group’s share of net (loss)/profit of associates ()
MOVEMENTS IN CARRYING AMOUNT OF INVESTMENTS IN ASSOCIATES
Carrying amount of investments in associates as at  July  
Additional investment in associates 
Reclassification from controlled entity 
Share of net (loss)/profit of associates ()
Dividends received from associates () ()
Transfer to external investments ()
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 ()
– Discount on acquisition () ()
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
093