2002 Qantas Annual Report

notes to the financial statements continued
for the year ended 30 June 2002
3. Revenue from ordinary activities
Revenue
Qantas Group
2002 2001
$M $M
Revenue from operating activities
Sales and operating revenue
Related parties
– associates 84.8 77.1
– other related parties 31.9 26.8
Other parties 11,205.6 10,023.4
Dividend revenue
Related parties
– associates – 60.9
Other parties 0.3 –
Sales and operating revenue 11,322.6 10,188.2
Revenue from outside operating activities
Interest revenue
Other parties 69.3 69.0
Proceeds from sale of property, plant and equipment 12.7 16.4
Proceeds from sale of investments 39.3 –
Proceeds from sale and leaseback of property, plant and equipment – 147.5
Total revenue 11,443.9 10,421.1
4. Individually significant items included in profit
from ordinary activities before income tax expense
Profit on the sale of an investment in EQUANT NV 31.2 –
Provision for redundancy costs (41.5) (35.0)
Profit on sale of Mascot Head Office land and buildings – 41.2
Revenue relating to assets sold by an associated company – 43.3
Dividends received related to assets sold by an associated company – 31.8
Change in accounting policy for software development costs – 46.0
5. Individually significant income tax item
Restatement of deferred tax balances due to the change
in the company tax rate – 20.0
6. Retained profits
Retained profits at the beginning of the year 1,078.0 926.8
Net profit attributable to members of the company 428.0 415.4
Dividends* (266.9) (264.2)
Retained profits at the end of the year 1,239.1 1,078.0
* Includes dividends paid to outside equity interests.
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2002 QANTAS ANNUAL REPORT