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2002 Qantas Annual Report

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contents<br />

page<br />

Directors’ <strong>Report</strong> 29<br />

Statement of financial performance 34<br />

Discussion and analysis of the statement<br />

of financial performance 35<br />

Statement of financial position 37<br />

Discussion and analysis of the statement<br />

of financial position 38<br />

Statement of cash flows 39<br />

Discussion and analysis of the statement<br />

of cash flows 40<br />

Notes to the financial statements 41<br />

1. Basis of the preparation of the<br />

concise financial report 41<br />

2. Change in accounting policy 41<br />

3. Revenue from ordinary activities 42<br />

4. Individually significant items included<br />

in profit from ordinary activities<br />

before income tax expense 42<br />

5. Individually significant income tax item 42<br />

6. Retained profits 42<br />

7. Dividends 43<br />

8. Total equity reconciliation 43<br />

9. Segment information 44<br />

10. Contingent liabilities 46<br />

11. Capital expenditure commitments 47<br />

12. Events subsequent to balance date 47<br />

Directors’ declaration 48<br />

Independent audit report on the concise financial report 48<br />

Shareholder information 49<br />

<strong>Qantas</strong> Group five-year summary 50<br />

Glossary 52<br />

Financial calendar 52<br />

Corporate directory<br />

IBC<br />

Information for shareholders is provided in this <strong>Annual</strong> <strong>Report</strong> and in a separate Financial <strong>Report</strong>.<br />

This <strong>Report</strong> is a Concise Financial <strong>Report</strong> which contains key financial information about <strong>Qantas</strong> in a concise format.<br />

The Financial <strong>Report</strong> provides more detailed financial information. The Concise Financial <strong>Report</strong>, whilst derived from the<br />

Financial <strong>Report</strong>, cannot be expected to provide as full an understanding of the financial performance, financial position<br />

and financing and investing activities of <strong>Qantas</strong> and its controlled entities as the Financial <strong>Report</strong>.<br />

A copy of the Financial <strong>Report</strong>, including the Independent Audit <strong>Report</strong> thereon, is available to all shareholders, free<br />

of charge, upon request. The Financial <strong>Report</strong> can be requested by telephone (toll free within Australia 1800 177 747,<br />

overseas 61 2 8234 5470).<br />

p<br />

28<br />

THE SPIRIT OF AUSTRALIA

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