financial accounting n reporting 2 presentation
TRANSCRIPT
Highlights of Our Presentation
• Consolidation Purpose• Group Composition• Non-Controlling Interest• Intra-Group Transactions• Foreign Subsidiary Companies• Key Findings (Conclusion)
Consolidation Purpose
• To make it easy and accessible for the investor, owner and creditors to comprehend the financial situation and general health of the company (Parent & subsidiaries)
• To determine its controlled entity, it is directed by AASB 10
• AASB 128 Investments in Associates and AASB 131 Interests in Joint Ventures
Qan
tas
Gro
up
Qantas Domestic
Qantas International
Jetstar
Qantas Loyalty
Qantas Freight
GROUP COMPOSITION
Qantas Group
Qantas Frieght
Express Freighter Aus
JETS Transport Qantas Courier
Q Catering
Q-Catering Snap Fresh
Qantas LinkExpress Ground
Handling
Qantas Holidays Jetstar
Jet airways Asia Pacific Japan Hong Kong
Non-Controlling Interest
Qantas
Dom
estic
Qantas
Inter
natio
nal
Qantas
Freig
ht
Jet A
irway
s
Jet S
tar A
sia
Jet S
tar Pa
cific
jet St
ar Ja
pan
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100% 0 0 0 0
0.51
0.7
0.44
NCI
Qantas
Intragroup Transaction
• Refer operations between a parent and its subsidiaries• It is important to get relevant and comparable
information • To indicate assets of parent entity as well as report risks
and benefits of the subsidiary