Qantas 2014 Annual Report Download - page 97

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95
QANTAS ANNUAL REPORT 2014
26. NOTES TO THE CASH FLOW STATEMENT
(A) RECONCILIATION OF STATUTORY (LOSS)/PROFIT FOR THE YEAR TO NET CASH FROM OPERATING ACTIVITIES
Qantas Group
2014
$M
2013
Restated1
$M
Statutory (loss)/profit for the year (2,843) 2
Adjustments for:
Depreciation and amortisation 1,422 1,450
Share-based payments 12 20
Impairment of specific assets 387 115
Impairment of cash generating unit 2,560 –
Net gain on disposal of investments accounted for under the equity method –(30)
Net (gain)/loss on disposal of property, plant and equipment 1(1)
Net gain on disposal of controlled entities (62) –
Changes in fair value of financial instruments (109) 68
Amortisation of deferred financing fees 24 26
Amortisation of deferred lease benefits (6) (7)
Interest payments on liabilities held at fair value (27) (56)
Realised hedging gains on operating cash flows (22) (87)
Share of net loss of investments accounted for under the equity method 66 39
Dividends received from investments accounted for under the equity method 4142
Inventory write off 61 5
Other items 32 13
Movements in operating assets and liabilities:
–Change in receivables 274 (18)
–Change in inventories (28) 5
–Change in other assets 35 34
–Change in payables 17 (41)
–Change in revenue received in advance 360 (88)
–Change in provisions 46 (173)
–Change in tax provision (2) –
–Change in deferred tax assets/(liabilities) (1,133) (1)
Net cash from operating activities 1,069 1,417
1 Restatement for the impact of revised AASB 119 relating to defined benefit superannuation plans. Refer to Note 38.