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88
QANTAS ANNUAL REPORT 2014
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
FOR THE YEAR ENDED 30 JUNE 2014
20. INTEREST-BEARING LIABILITIES
Qantas Group
2014
$M
2013
$M
CURRENT
Bank loans – secured 459 545
Bank loans – unsecured 450 –
Other loans – unsecured 69 47
Lease and hire purchase liabilities – secured (refer to Note 28) 232 243
Total current interest–bearing liabilities 1,210 835
NON-CURRENT
Bank loans – secured 2,313 2,740
Bank loans – unsecured 546 992
Other loans – unsecured 1,336 880
Lease and hire purchase liabilities – secured (refer to Note 28) 1,078 633
Total non-current interest-bearing liabilities 5,273 5,245
Certain current and non-current interest-bearing liabilities relate to specific financings of aircraft and engines and are secured by
the aircraft to which they relate (refer to Note 15). During the year there were non-cash financing activities relating to additions of
property, plant and equipment under finance leases of $130million (2013: $115million).
21. PROVISIONS
Qantas Group
2014
$M
2013
Restated1
$M
CURRENT
Employee benefits:
–Annual leave 259 315
–Long service leave 316 330
–Redundancies and other employee benefits 206 85
Total current employee benefits 781 730
Onerous contracts 23 29
Make good on leased assets 10 10
Insurance, legal and other 62 66
Total other current provisions 95 105
Total current provisions 876 835
NON-CURRENT
Total non-current employee benefits 61 59
Onerous contracts 325
Make good on leased assets 177 120
Insurance, legal and other 164 231
Total other non-current provisions 344 376
Total non-current provisions 405 435
1 Restatement for the impact of revised AASB 119 relating to defined benefit superannuation plans. Refer to Note 38.