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72
QANTAS ANNUAL REPORT 2014
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY CONTINUED
FOR THE YEAR ENDED 30 JUNE 2014
30 June 2013
Qantas Group
Restated1
$M
Issued
Capital
Treasury
Shares
Employee
Compen-
sation
Reserve
Hedge
Reserve
Foreign
Currency
Translation
Reserve
Retained
Earnings
Non-
controlling
Interests Total Equity
Balance as at 1 July 2012 4,729 (42) 48 41 (53) 1,162 45,889
Impact of application of revised standards1–––––(421) –(421)
Restated balance at 1 July 2012 4,729 (42) 48 41 (53) 741 45,468
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
Statutory profit for the year – – – – – 1 1 2
Other comprehensive income
Effective portion of changes in fair value of
cashflow hedges, net of tax –––111 –––111
Transfer of hedge reserve to the
Consolidated Income Statement, net of tax –––(50) –––(50)
Recognition of effective cash flow hedges
on capitalised assets, net of tax –––21 –––21
Defined benefit actuarial gains, net of tax –––––311 –311
Foreign currency translation of
controlledentities ––––10 – – 10
Foreign currency translation of investments
accounted for under the equity method ––––(1) – – (1)
Total other comprehensive income –––82 9311 –402
Total comprehensive income for the year –––82 9312 1404
TRANSACTIONS WITH OWNERS RECORDED DIRECTLY IN EQUITY
Contributions by and distributions to owners
Shares bought back2(36) ––––––(36)
Treasury shares acquired –(16) –––––(16)
Share-based payments – – 20 ––––20
Shares vested and transferred to employees –15 (15) –––––
Share-based payments unvested and lapsed – – (4) – – 4 – –
Total contributions by and distributions
toowners (36) (1) 1 – – 4 – (32)
Total transactions with owners (36) (1) 1 – – 4 – (32)
Balance as at 30 June 2013 4,693 (43) 49 123 (44) 1,057 55,840
1 Restatement for the impact of revised AASB 119 relating to defined benefit superannuation plans. Refer to Note 38.
2 23,377,832 shares were bought back and cancelled during the year ended 30 June 2013.
The above Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes.