Qantas 2016 Annual Report Download - page 55

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Consolidated Statement of Comprehensive Income
For the year ended 30 June 2016
2016
$M
2015
$M
Statutory profit for the year 1,029 560
Items that are or may be subsequently reclassified to profit or loss
Effective portion of changes in fair value of cash flow hedges, net of tax (187) (44)
Transfer of hedge reserve to the Consolidated Income Statement, net of tax1198 91
Recognition of effective cash flow hedges on capitalised assets, net of tax (40) (2)
Net changes in hedge reserve for time value of options, net of tax 35 (95)
Foreign currency translation of controlled entities 2 5
Foreign currency translation of investments accounted for under the equity method 24 5
Share of other comprehensive income of investments accounted for under the equity method (2) –
Items that will not subsequently be reclassified to profit or loss
Defined benefit actuarial (losses)/gains, net of tax (209) 38
Other comprehensive loss for the year (179) (2)
Total comprehensive income for the year 850 558
Total comprehensive income attributable to:
Members of Qantas 850 554
Non-controlling interests – 4
Total comprehensive income for the year 850 558
1 These amounts were allocated to revenue of $(7) million (2015: $(40) million), fuel expenditure of $289 million (2015: $170 million), and income tax expense of $(84) million
(2015: $(39) million) in the Consolidated Income Statement.
The above Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
53
QANTAS ANNUAL REPORT 2016