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83
QANTAS ANNUAL REPORT 2014
8. AUDITOR’S REMUNERATION
Qantas Group
2014
$’000
2013
$’000
AUDIT AND AUDIT RELATED SERVICES
Auditors of Qantas – KPMG
– Audit and review of Financial Report 3,202 3,225
– Other regulatory audit services 44 92
Total audit and audit related services 3,246 3,317
OTHER SERVICES
Auditors of Qantas – KPMG
– In relation to other assurance, taxation and due diligence services 778 1,309
– Other non-audit services 34 346
Total other services 812 1,655
Total auditor’s remuneration 4,058 4,972
9. DIVIDENDS
(A) DIVIDENDS DECLARED AND PAID
No dividends were declared or paid in the current year by Qantas. No final dividend will be paid in relation to the year ended 30 June 2014.
For the year ended 30 June 2014, $1million dividends (2013: nil) were declared and paid to non-controlling interest shareholders
bynon-wholly owned controlled entities.
(B) FRANKING ACCOUNT
Qantas Group
2014
$M
2013
$M
Total franking account balance at 30 per cent 84 84
The above amount represents the balance of the franking account as at 30 June, after taking into account adjustments for:
–Franking credits that will arise from the payment of income tax payable for the current year
–Franking credits that will arise from the receipt of dividends recognised as receivables at the year end
–Franking credits that may be prevented from being distributed in subsequent years
–The ability to utilise the franking credits is dependent upon there being sufficient available profits to declare dividends.
10. CASH AND CASH EQUIVALENTS
Qantas Group
2014
$M
2013
$M
Cash balances 206 265
Cash at call 137 166
Short-term money market securities and term deposits 2,658 2,398
Total cash and cash equivalents 3,001 2,829
Short-term money market securities of $33million (2013: $14million) held by the Qantas Group are pledged as collateral under the
terms of certain operational financing facilities when underlying unsecured limits are exceeded. The collateral cannot be sold or
repledged in the absence of default by the Qantas Group.