Qantas 2013 Annual Report Download - page 127

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125
QANTAS ANNUAL REPORT 2013
Qantas Group
2013
$M
2012
$M
RESULTS OF JOINTLY CONTROLLED ENTITIES
Revenues 595 1,354
Expenditure (590) (1,325)
Prot before income tax expense 529
Income tax expense (1) (3)
Net prot of jointly controlled entities 426
Qantas Group’s share of net prot of jointly controlled entities 2 13
MOVEMENTS IN CARRYING AMOUNT OF INVESTMENTS IN JOINTLY CONTROLLED ENTITIES
Carrying amount of investments in jointly controlled entities as at 1 July 294 311
Additional investment in jointly controlled entity –3
Share of net prot of jointly controlled entities 213
Dividends received from jointly controlled entities (138) (14)
Disposal of jointly controlled entity (158) –
Impairment of investment in jointly controlled entity (19)
Carrying amount of investments in jointly controlled entities as at 30 June 294
SUMMARY FINANCIAL POSITION OF SIGNIFICANT JOINTLY CONTROLLED ENTITIES
The aggregate assets and liabilities of jointly controlled entities is as follows:
Current assets –205
Non-current assets –867
Total assets –1,072
Current liabilities –170
Non-current liabilities –276
Total liabilities –446
Net assets –626
Qantas Group’s share of net assets of jointly controlled entities –313
Adjustment arising from equity accounting
– Accumulated impairment –(19)
Investments in jointly controlled entities accounted for using the equity method 294
COMMITMENTS
Share of jointly controlled entities’ contracted capital expenditure commitments –6
Share of jointly controlled entities’ contracted non-capital expenditure commitments 439
Qantas Group’s share of jointly controlled entities’ commitments 445
CONTINGENT LIABILITIES
Qantas Group’s share of jointly controlled entities’ contingent liabilities 24