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24
QANTAS ANNUAL REPORT 2015
The Directors of Qantas Airways Limited (Qantas) present their Report together with the Financial Statements of the consolidated entity,
being Qantas and its controlled entities (Qantas Group), for the year ended 30 June 2015 and the Independent Audit Report thereon.
DIRECTORS
The Directors of Qantas at any time during or since the end of the
year are:
Leigh Clifford AO
Alan Joyce
Maxine Brenner
Richard Goodmanson
Jacqueline Hey
Garry Hounsell (retired 26 February 2015)
William Meaney
Paul Rayner
Todd Sampson (appointed 25 February 2015)
Barbara Ward AM
Details of current Directors, their qualifications, experience
and any special responsibilities, including Qantas Committee
Memberships, are set out on pages 8 to 10.
PRINCIPAL ACTIVITIES
The principal activities of the Qantas Group during the course
of the year were the operation of international and domestic air
transportation services, the provision of freight services and
the operation of a frequent flyer loyalty program. There were no
significant changes in the nature of the activities of the Qantas
Group during the year.
DIVIDENDS
No final dividend will be paid in relation to the year ended
30 June 2015 (2014: nil final dividend). No interim dividend
was paid during the year.
SIGNIFICANT CHANGES IN STATE OF AFFAIRS
In the opinion of the Directors, there were no significant changes
in the state of affairs of the Qantas Group that occurred during
the year under review.
Any matter or circumstance that has arisen since the end of
the year that may affect the Qantas Group’s state of affairs
in future financial years has been included in Note 35 of the
Financial Report.
REVIEW OF OPERATIONS
A review of, and information about, the Qantas Group’s
operations, including the results of those operations during
the year together with information about the Group’s financial
position appear on pages 11 to 21.
The Qantas Group’s strategies, prospects for future financial
years and material business risks have been included in the
Review of Operations to the extent that they are not likely to result
in unreasonable prejudice to the Qantas Group. In the opinion of
the Directors, detail that could be unreasonably prejudicial to the
interests of the Qantas Group, for example, information that is
commercially sensitive, confidential or could give a third party a
commercial advantage, has not been included.
EVENTS SUBSEQUENT TO BALANCE DATE
Refer to page 87 for events which occurred subsequent to
balance date. Other than the matters disclosed on page 87, since
the end of the year and to the date of this report no other matter
or circumstance has arisen that have significantly affected or
may significantly affect the Qantas Group’s operations, results
of those operations or state of affairs in future years.
DIRECTORS’ MEETINGS
The number of Directors’ Meetings held (including Meetings of Committees of Directors) during 2014/2015 is as follows:
Qantas Board Audit Committee1
Safety, Health,
Environment and
Security Committee1
Remuneration
Committee1
Nominations
Committee1
Scheduled
Meetings
Unscheduled
Meetings
Sub-Committee
Meetings2
Directors Attended Held3Attended Held3Attended Held Attended Held3Attended Held Attended Held3Attended Held
Leigh Clifford 7733224– – – – – – 2 2
Alan Joyce 7 7 3 3 2 24– – 4 4 – – – –
Maxine Brenner 7 7 3 3 – – 4 4 – – 3 3 – –
Richard
Goodmanson 7 7 3 3 – – – – 4 4 – – 2 2
Jacqueline Hey 7 7 3 3 – – 4 4 – – – – – –
Garry Hounsell55 5 3 3 2 243 3 – – – – 2 2
William Meaney 7 7 3 3 – – – – 4 4 3 3 – –
Paul Rayner 7 7 3 3 – – – – – – 3 3 2 2
Todd Sampson63 3 – – – – – – – – 1 1 – –
Barbara Ward77 7 3 3 – – 4 4 4 4 – – – –
1 All Directors are invited to, and regularly attend, committee meetings in an ex-officio capacity. The above table reflects the attendance of a Director only where he or she is a member of
the relevant committee.
2 Sub-Committee meetings convened for specific Board-related business.
3 Number of meetings held during the period that the Director held office.
4 Number of meetings held and requiring attendance.
5 Mr Hounsell retired as a Director on 26 February 2015.
6 Mr Sampson was appointed as a Director and a Member of the Remuneration Committee on 25 February 2015.
7 Ms Ward was appointed as Chair of the Audit Committee and as a Member of the Nominations Committee on 26 February following the retirement of Garry Hounsell.
DIRECTORS’ REPORT
FOR THE YEAR ENDED 30 JUNE 2015