$1b Recovery Plan
Invested Capital calculation
$M
Receivables (current and non-current)
As at As at 30 Jun As at 30 Jun
30 Jun 2022
20213
20194
1,107
633
1,178
Inventories
269
279
364
Other assets (current and non-current)
1,170
856
680
Investments accounted for under the equity method
57
57
217
Property, plant and equipment
10,224
10,787
12,776
Intangible assets
778
745
1,225
Assets classified as held for sale
1
1
1
Aircraft financed via leases are
adjusted as if they were owned, i.e. all
AASB 16 accounting recognition and
lease return provision are reversed
and replaced with market value assets.
that are depreciated in line with other
owned aircraft assets
Payables (current and non-current]
(2,474)
(1,857)
(2,366)
Provisions (current and non-current]
(1,895)
(1,825)
(1,442)
The resulting Invested Capital is used
to determine Net Debt target range
Revenue Received In Advance (current and non-current]
(7,929)
(5,431)
(5,880)
Capitalised leased aircraft¹
1,892
1,751
1,424
Invested Capital
3,200
5,996
8,177
Average Invested Capital²
4,928
6,553
8,631
1. Capitalised leased aircraft are included in the Group's Invested Capital at the AUD market value (referencing AVAC) of the aircraft at the date of commencing operations at the prevailing AUD/USD rate and is notionally depreciated in accordance with the Group's accounting
policies. The calculated depreciation expense is referred to as notional depreciation. The carrying value of leased aircraft (AUD market value less accumulated notional depreciation) and an adjustment to exclude aircraft lease return provisions is reported within Invested Capital | 16
as capitalised leased aircraft. 2. Equal to the 12 months average of monthly Invested Capital. 3. Restated for the adoption of IFRIC Cloud Computing decision. 4. FY19 not restated for IFRIC Cloud Computing decision.View entire presentation