2001 Qantas Financial Report

Notes to the FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2001
34. FINANCIAL INSTRUMENTS (continued)
(f) NET FAIR VALUE (continued)
The following table shows the carrying amount and net fair value of financial assets and liabilities at balance date:
QANTAS GROUP
CARRYING AMOUNT
QANTAS GROUP
NET FAIR VALUE
2001 2000 2001 2000
$M $M $M $M
RECOGNISED FINANCIAL INSTRUMENTS
FINANCIAL ASSETS
Cash 145.5 118.2 145.5 118.2
Trade debtors 1,153.4 1,112.0 1,153.4 1,112.0
Short-term money market securities,
term deposits and bills of exchange 118.0 574.9 118.3 574.9
Aircraft security deposits 537.6 562.6 622.1 665.9
Sundry debtors 154.9 75.0 154.9 75.0
Loans receivable 102.2 21.0 102.2 21.0
Net receivables under swap contracts 1,212.6 931.6 1,456.9 979.4
3,424.2 3,395.3 3,753.3 3,546.4
FINANCIAL LIABILITIES
Trade creditors 1,701.4 1,598.5 1,701.4 1,598.5
Sundry creditors and accruals 197.8 159.6 197.8 159.6
Bank loans – unsecured 367.6 168.3 372.0 175.0
Other loans – secured 7.2 6.7 7.2 6.8
Other loans – unsecured 1,261.0 1,199.5 1,339.4 1,224.6
Lease residual values 352.8 333.7 393.8 386.2
Finance lease and hire purchase liabilities 1,341.7 1,405.0 1,479.1 1,565.6
Provision for dividends 118.9 581.3 118.9 581.3
Current tax liabilities (8.8) 119.9 (8.8) 119.9
Systems development put contract liability – 37.1 – 37.1
5,339.6 5,609.6 5,600.8 5,854.6
Net financial liabilities (1,915.4) (2,214.3) (1,847.5) (2,308.2)
UNRECOGNISED FINANCIAL INSTRUMENTS
FINANCIAL ASSETS
Forward contracts 1.6 262.9
Option contracts 86.0 93.2
87.6 356.1
FINANCIAL LIABILITIES
Interest rate swaps (3.7) (1.9)
p
44 QANTAS ANNUAL REPORT 2001