Qantas 2013 Annual Report Download - page 140

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138
B FINANCING FACILITIES
The total amount of nancing facilities available to the Qantas Group as at balance date is detailed below:
Qantas Group
2013
$M
2012
$M
FINANCING FACILITIES
Committed bank overdraft
Facility available 77
Amount of facility used ––
Amount of facility unused 77
Committed syndicated standby facility1
Facility available – 300
Amount of facility used ––
Amount of facility unused – 300
Committed secured funding
Facility available 52 134
Amount of facility used –(76)
Amount of facility unused 52 58
Committed revolving facility2
Facility available 630 –
Amount of facility used ––
Amount of facility unused 630 –
Commercial paper and medium-term notes (subject to Dealer Panel participation)
Facility available31,000 1,000
Amount of facility used4(250) –
Amount of facility unused 750 1,000
1 The syndicated standby facility was cancelled on 5 October 2012 and replaced with the Committed revolving facility.
2 The revolving facility includes $400 million with a term of three years from 5 October 2012 and $230 million with a term of four years from 26 April 2013.
3 Subject to Dealer Participation.
4 Medium term notes of $250 million were issued during the year maturing 27 April 2020.
The bank overdraft facility held with Commonwealth Bank of Australia covers the combined balances of Qantas and its
wholly-owned controlled entities. Subject to the continuance of satisfactory credit ratings, the bank overdraft facility may
be utilised at any time. Commonwealth Bank of Australia may terminate this facility without notice.
28. Acquisitions and Disposals of Controlled Entities, Associates and Jointly Controlled Entities
A ACQUISITIONS
(i) Jetstar Japan Co., Ltd.
Jetstar Japan Co., Ltd., a venture between Qantas, Japan Airlines Co., Ltd., Century Tokyo Leasing Corporation and Mitsubishi
Corporation, was incorporated on 5 September 2011. The Qantas Group owns a 33 per cent voting interest representing a 42 per cent
economic interest in this venture. The Group’s investment in Jetstar Japan Co., Ltd. is accounted for as an investment in associate
and equity accounted.
Notes to the Financial Statements continued
FOR THE YEAR ENDED 30 JUNE 2013
27. Notes to the Cash Flow Statement continued