Qantas 2014 Annual Report Download - page 89

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87
QANTAS ANNUAL REPORT 2014
Qantas Group
2013
$M Opening Balance
Recognised in
the Consolidated
Income Statement
Recognised
in Other
Comprehensive
Income
Acquisition of
Controlled Entity Closing Balance
Reconciliations
Inventories (15) (1) – – (16)
Property, plant and equipment and intangible assets (1,797) (59) – – (1,856)
Payables 48 (10) – – 38
Revenue received in advance 619 20 – – 639
Interest–bearing liabilities (82) (1) – – (83)
Other financial assets/liabilities (35) (29) (35) –(99)
Provisions 352 (33) –16 335
Other items (31) 26 (134) 1(138)
Tax value of recognised tax losses 477 78 – – 555
Total deferred tax assets/(liabilities) (464) (9) (169) 17 (625)
UNRECOGNISED DEFERRED TAX ASSETS
Deferred tax assets have not been recognised with respect to the following items against which the Qantas Group can utilise
thesebenefits:
Qantas Group
2014
$M
2013
$M
Tax losses – New Zealand operations 14 17
Tax losses – Singapore operations 25 8
Tax losses – Hong Kong operations 9 7
Total unrecognised deferred tax assets – tax losses 48 32
18. PAYABLES
Qantas Group
2014
$M
2013
$M
Trade creditors 613 640
Other creditors and accruals 1,238 1,204
Total payables 1,851 1,844
19. REVENUE RECEIVED IN ADVANCE
Qantas Group
2014
$M
2013
$M
CURRENT
Unavailed passenger revenue 2,487 2,216
Unredeemed Frequent Flyer revenue 897 816
Other revenue received in advance 22 15
Total current revenue received in advance 3,406 3,047
NON-CURRENT
Unredeemed Frequent Flyer revenue 1,135 1,186
Other revenue received in advance 48 –
Total non-current revenue received in advance 1,183 1,186