Qantas 2016 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2016 Qantas annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

Notes to the Financial Statements continued
For the year ended 30 June 2016
12 INTANGIBLE ASSETS CONTINUED
2016
$M
Opening Net
Book Value Additions1
Acquisition
of Controlled
Entity Transfers2Amortisation Other3
Closing Net
Book Value
Goodwill 206 – – – – 2 208
Airport landing slots 35 – – – – – 35
Software 514 186 – 6 (84) (20) 602
Brand names and trademarks 25 – – – – 1 26
Customer contracts/relationships 6 – – – (4) – 2
Contract intangible assets 17 19 – – – – 36
Total intangible assets 803 205 – 6 (88) (17) 909
2015
$M
Opening Net
Book Value Additions1
Acquisition
of Controlled
Entity Transfers2Amortisation Other3
Closing Net
Book Value
Goodwill 195 – 8 – – 3 206
Airport landing slots 35 – – – – – 35
Software 475 122 –(2) (74) (7) 514
Brand names and trademarks 22 – – – – 3 25
Customer contracts/relationships 14 – – – (8) – 6
Contract intangible assets –17 – – – – 17
Total intangible assets 741 139 8(2) (82) (1) 803
1 Additions include capitalised interest of $5 million (2015: $3 million).
2 Transfers include transfers between categories of intangible assets and transfers from/(to) other balance sheet accounts.
3 Other includes foreign exchange movements, non-cash additions and impairments of intangible assets.
13 DEFERRED TAX ASSETS
2016
$M
2015
$M
Deferred tax assets 39 333
Total deferred tax assets 39 333
(A) RECONCILIATION OF DEFERRED TAX ASSETS/(LIABILITIES)
2016
$M
Opening
Balance
Recognised
in the
Consolidated
Income
Statement
Recognised
in Other
Comprehensive
Income
Recognised
in Retained
Earnings Closing
Reconciliations
Inventories (14) (1) – – (15)
Property, plant and equipment and intangible assets (1,395) (18) – – (1,413)
Payables 23 28 – – 51
Revenue received in advance 699 64 – – 763
Interest-bearing liabilities (71) 16 – – (55)
Other financial assets/liabilities 25 (40) (2) –(17)
Provisions 308 26 – – 334
Other items (97) (49) 89 6(51)
Tax value of recognised tax losses 855 (413) – – 442
Total deferred tax assets/(liabilities) 333 (387) 87 639
69
QANTAS ANNUAL REPORT 2016