Qantas 2012 Annual Report Download - page 96

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FOR THE YEAR ENDED 30 JUNE 2012
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
2012
%
2011
%
AUX Investment Pty Limited Investment holding company Australia  Jun  
LTQ Engineering Pty Limited Maintenance services Australia  Jun  
Qantas Group
2012
$M
2011
$M
RESULTS OF JOINTLY CONTROLLED ENTITIES
Revenues , 
Expenditure (,) ()
Profit before income tax expense  
Income tax expense () ()
Net profit of jointly controlled entities  
Qantas Group’s share of net profit 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 profit of jointly controlled entities  
Dividends received from jointly controlled entities () ()
Disposal of jointly controlled entity - ()
Impairment of investment in jointly controlled entity () -
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
– Accumulated impairment () –
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  
Notes to the Financial Statements continued
15. Investments Accounted for Using the Equity Method continued
QANTAS ANNUAL REPORT 2012094