Qantas 2014 Annual Report Download - page 124
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122
QANTAS ANNUAL REPORT 2014
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
FOR THE YEAR ENDED 30 JUNE 2014
38. APPLICATION OF NEW OR REVISED ACCOUNTING STANDARDS CONTINUED
(A) RESTATEMENT OF COMPARATIVE RESULTS
(i) Restatement of Consolidated Balance Sheet as at 30 June 2012 (Condensed Opening Balance Sheet)
30 June 2012
(as previously
reported)1
$M
A ASB 119
Employee
Benefits
$M
30 June 2012
Restated
$M
CURRENT ASSETS
Cash and cash equivalents 3,398 –3,398
Receivables 1,111 –1,111
Other financial assets 88 –88
Inventories 376 –376
Assets classified as held for sale 73 –73
Other 414 (293) 121
Total current assets 5,460 (293) 5,167
NON-CURRENT ASSETS
Receivables 472 –472
Other financial assets 17 –17
Investments accounted for under the equity method 457 –457
Property, plant and equipment 14,139 –14,139
Intangible assets 610 –610
Other 23 –23
Total non-current assets 15,718 –15,718
Total assets 21,178 (293) 20,885
CURRENT LIABILITIES
Payables 1,865 –1,865
Revenue received in advance 3,183 –3,18 3
Interest-bearing liabilities 1,119 –1,119
Other financial liabilities 369 –369
Provisions 879 –879
Liabilities classified as held for sale 12 –12
Total current liabilities 7,427 –7,427
NON-CURRENT LIABILITIES
Revenue received in advance 1,136 –1,136
Interest-bearing liabilities 5,430 –5,430
Other financial liabilities 224 –224
Provisions 428 308 736
Deferred tax liabilities 644 (180) 464
Total non-current liabilities 7,862 128 7,9 90
Total liabilities 15,289 128 15,417
Net assets 5,889 (421) 5,468
EQUITY
Issued capital 4,729 –4,729
Treasury shares (42) –(42)
Reserves 36 –36
Retained earnings 1,162 (421) 741
Non-controlling interests 4 – 4
Total equity 5,889 (421) 5,468
1 Refer to Note 36(W).