Qantas 2000 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2000 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 52

  • 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

34
PROFIT AND LOSS STATEMENT
FOR THE YEAR ENDED 30 JUNE 2000
QANTAS GROUP
2000 1999
Notes $m $m
SALES AND OPERATING REVENUE
Net passenger revenue 6,975.6 6,437.5
Net freight revenue 543.0 553.4
Tours and travel revenue 551.8 510.3
Other sources * 1,036.4 947.5
TOTAL SALES AND OPERATING REVENUE 29,106.8 8,448.7
EXPENDITURE
Manpower and staff related 2,295.8 2,206.0
Selling and marketing 1,051.0 947.9
Aircraft operating – variable 1,732.7 1,679.4
Fuel and oil 863.2 761.6
Property 215.2 216.1
Computer and communication 352.4 346.1
Depreciation and amortisation 634.0 540.4
Non-cancellable operating lease rentals 127.9 107.8
Tours and travel cost of sales 482.8 439.0
Capacity hire, insurance and other 535.6 502.6
TOTAL EXPENDITURE 8,290.6 7,746.9
EARNINGS BEFORE INTEREST AND TAX (EBIT) 816.2 701.8
Net interest expense (111.2) (100.1)
OPERATING PROFIT BEFORE TAX AND ABNORMALS 705.0 601.7
Abnormal items 3 57.8 60.8
NET PROFIT BEFORE TAX 762.8 662.5
Income tax expense (244.9) (241.6)
NET PROFIT AFTER TAX 517.9 420.9
Outside equity interests in net (profit)/loss (0.6) 0.7
NET PROFIT AFTER TAX ATTRIBUTABLE TO MEMBERS OF THE COMPANY 517.3 421.6
Retained profits at the beginning of the financial year 1,124.1 1,094.1
TOTAL AVAILABLE FOR APPROPRIATION 1,641.4 1,515.7
Dividends provided for or paid 4 (714.6) (391.6)
RETAINED PROFITS AT THE END OF THE FINANCIAL YEAR 926.8 1,124.1
* Excludes proceeds on sale (and on sale and leaseback) of non-current assets, and interest revenue which is included in net interest expense.
The Profit and Loss Statement should be read in conjunction with the Discussion and Analysis on page 35 and the Notes to the Financial Statements on
pages 40 to 44.