Qantas 2015 Annual Report Download - page 64

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63
QANTAS ANNUAL REPORT 2015
Qantas Group
2015
$M
2014
$M
RECONCILIATION BETWEEN INCOME TAX (EXPENSE)/BENEFIT AND STATUTORY PROFIT/(LOSS)
BEFORE INCOME TAX
Statutory profit/(loss) before income tax (expense)/benefit 789 (3,976)
Income tax (expense)/benefit using the domestic corporate tax rate of 30 per cent (237) 1,193
Adjusted for:
Non-assessable dividends from controlled entities 10 1
Non-deductible share of net loss for investments accounted for under the equity method (14) (21)
Non-deductible losses for controlled entities (7) (15)
Utilisation of previously unrecognised foreign branch and controlled entity losses 5 –
Write-down of investments (2) (15)
Recognition of previously unrecognised deferred tax liability on investments –(11)
Other net (non-deductible)/non-assessable items (4) (8)
Prior period differences 20 9
Income tax (expense)/benefit (229) 1,133
RECOGNISED IN THE CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Cash flow hedges 21 86
Defined benefit actuarial gains (17) (46)
Other 2 –
Income tax benefit recognised directly in the Consolidated Statement of Comprehensive Income 640
7. EARNINGS/(LOSS) PER SHARE
Qantas Group
2015
cents
2014
cents
Basic/diluted earnings/(loss) per share 25.4 (128.5)
$M $M
Statutory profit/(loss) attributable to members of Qantas 557 (2,843)
Number
M
Number
M
WEIGHTED AVERAGE NUMBER OF SHARES
Issued shares as at 1 July 2,196 2,242
Shares bought back and cancelled –(46)
Issued shares as at 30 June 2,196 2,19 6
Weighted average number of shares (basic and diluted) as at 30 June 2,196 2,212