Qantas 2016 Annual Report Download - page 83

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Notes to the Financial Statements continued
For the year ended 30 June 2016
21 NOTES TO THE CASH FLOW STATEMENT CONTINUED
(B) FINANCING FACILITIES
The total amount of financing facilities available to the Qantas Group as at balance date is detailed below:
2016
$M
2015
$M
FINANCING FACILITIES
Committed bank overdraft1
Facility available 7 7
Amount of facility used – –
Amount of facility unused 7 7
Committed revolving facility2
Facility available 1,040 940
Amount of facility used – –
Amount of facility unused 1,040 940
Uncommitted commercial paper and medium-term note program
Facility available 2,000 2,000
Amount of facility used (950) (950)
Amount of facility unused 1,050 1,050
1 The bank overdraft facility covers the combined balances of Qantas and its wholly owned controlled entities. Subject to the continuance of satisfactory credit ratings, the bank overdraft
facility may be utilised at any time. This facility may be terminated without notice.
2 The revolving facility includes $425 million with a term of three years from 24 April 2015, $425 million with a term of four years from 24 April 2015, $90 million with a term of five years from
31 July 2014 and $100 million with a term of five years effective from 7 July 2015.
22 COMMITMENTS
(A) FINANCE LEASE AND HIRE PURCHASE COMMITMENTS
2016
$M
2015
$M
AS LESSEE
Finance lease and hire purchase liabilities
Aircraft and engines – payable:
Not later than one year 149 135
Later than one year but not later than five years 586 553
Later than five years 1,034 1,150
Total aircraft and engines 1,769 1,838
Less: future lease and hire purchase finance charges and deferred lease benefits (300) (340)
Total finance lease and hire purchase liabilities 1,469 1,498
Notes
2016
$M
2015
$M
Finance lease and hire purchase liabilities
Current liabilities 15 103 93
Non-current liabilities 15 1,366 1,405
Total finance lease and hire purchase liabilities 1,469 1,498
The Qantas Group leases aircraft under finance leases with expiry dates between one and 10 years. Most finance leases contain
purchase options exercisable at the end of the lease term. The Qantas Group has the right to negotiate extensions on most leases.
81
QANTAS ANNUAL REPORT 2016