a. The Parent Company’s financial statements, with a profit and loss account which shows net income of $_____________ for 2017, compared with $_____________ at 2016.
b. The 2017 consolidated financial statements
• The main details of which are set out in the 2017 Annual Report, together with the main information included in the file for calling the Annual General Meeting on (date of meeting).
• Utilize this information for the Board of Directors to propose a net dividend of $127 million (7.0 cents per share), representing and increase of 20.1% share capital.
c. Changes in which we consider should be made to the financial statements …show more content…
Through continued investment in product and service, Qantas International achieved another record customer advocacy score. The Brisbane International lounge was completed during the first half of the financial year and the London lounge and Perth integrated hub lounge are due for completion during the next financial year, ready for commencement of the landmark Perth to London 787-9 Dreamliner service. The first Dreamliner is due in October 2017 with four delivered by March 2018.
5. Qantas has a final dividend of $127 million (7.0 cents per ordinary share) for the year ended 30 June 2017 (2016: 7.0 cents per share). The final dividend will be unfranked and follows a 50 per cent franked interim dividend of $127 million (7.0 cents per ordinary share), which was paid during the year. In addition, there is an on-market share buyback of up to $373 million. (During the year, the Group completed an on-market buy-back of $366 million.)
6. In addition and as aforementioned, Jetstar Group reported Underlying EBIT of $417 million, the second highest earnings result in its 13 year history as it was able to partially offset the impact of booking and service fee changes and softer freight yields. Key highlights of the Jetstar Group result include:
• Highest margin Australian airline
• Jetstar Domestic Unit Revenue increased by two per cent on flat capacity
• Strong profit contribution from Jetstar