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Notes to the Financial Statements continued
For the year ended 30 June 2016
7 AUDITOR’S REMUNERATION
2016
$’000
2015
$’000
AUDIT AND AUDIT RELATED SERVICES
Auditors of Qantas – KPMG
– Audit and review of Financial Report 3,266 3,219
– Other regulatory audit services 57 23
Total audit and audit related services 3,323 3,242
OTHER SERVICES
Auditors of Qantas – KPMG
– In relation to other assurance, taxation and due diligence services 896 1,588
– Other non-audit services 52 570
Total other services 948 2,158
Total auditor’s remuneration 4,271 5,400
8 CASH AND CASH EQUIVALENTS
2016
$M
2015
$M
Cash balances 311 253
Cash at call 138 197
Short-term money market securities and term deposits 1,531 2,458
Total cash and cash equivalents 1,980 2,908
Cash and cash equivalents comprise cash at bank and on hand, cash at call and short-term money market securities and term
deposits that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Short-term
money market securities of $72 million (2015: $81 million) held by the Qantas Group are pledged as collateral under the terms
of certain operational financing facilities when underlying unsecured limits are exceeded. The collateral cannot be sold or repledged
inthe absence of default by the Qantas Group.
9 RECEIVABLES
2016
$M
2015
$M
Current Non-current Total Current Non-current Total
Trade receivables 658 –658 712 –712
Less provision for impairment losses (2) –(2) (2) –(2)
Total trade receivables 656 –656 710 –710
Sundry receivables 139 134 273 249 134 383
Total receivables 795 134 929 959 134 1,093
2016
$M
2015
$M
The ageing of trade receivables, net of provision for impairment losses, at 30 June was:
Not past due 571 628
Past due 1–30 days 47 52
Past due 31–120 days 26 15
Past due 121 days or more 12 15
Total trade receivables 656 710
66
QANTAS ANNUAL REPORT 2016