Qantas 2014 Annual Report Download - page 69

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67
QANTAS ANNUAL REPORT 2014
FINANCIAL REPORT
FOR THE YEAR ENDED 30 JUNE 2014
CONTENTS
Consolidated Income Statement 68
Consolidated Statement of Comprehensive Income 69
Consolidated Balance Sheet 70
Consolidated Statement of Changes in Equity 71
Consolidated Cash Flow Statement 73
Notes to the Financial Statements
1. Reporting Entity 74
2. Critical Accounting Estimates and Judgements 74
3. Underlying (Loss)/Profit Before Tax (Underlying PBT) and Operating Segments 74
4. Other Revenue/Income and Other Expenditure 80
5. Net Finance Costs 81
6. Income Tax 81
7. (Loss)/Earnings per Share 82
8. Auditor’s Remuneration 83
9. Dividends 83
10. Cash and Cash Equivalents 83
11. Receivables 84
12. Inventories 84
13. Assets Classified as Held for Sale 84
14. Investments Accounted for Under the Equity Method 84
15. Property, Plant and Equipment 84
16. Intangible Assets 86
17. Deferred Tax Assets/(Liabilities) 86
18. Payables 87
19. Revenue Received in Advance 87
20. Interest-bearing Liabilities 88
21. Provisions 88
22. Capital and Reserves 89
23. Impairment of Specific Assets and Cash Generating Units 90
24. Share-based Payments 91
25. Derivatives and Hedging Instruments 93
26. Notes to the Cash Flow Statement 95
27. Disposal of Controlled Entities 96
28. Commitments 96
29. Contingent Liabilities 98
30. Superannuation 98
31. Related Parties 100
32. Deed of Cross Guarantee 101
33. Financial Risk Management 103
34. Events Subsequent to Balance Date 107
35. Parent Entity Disclosures for Qantas Airways Limited (Qantas) 107
36. Significant Accounting Policies 109
37. New Standards and Interpretations Not Yet Adopted 120
38. Application of New or Revised Accounting Standards 120
Directors’ Declaration 125
Independent Auditor’s Report 126