Ollie Onion go back and look at these posts #
241 & #
243 on
Jetstar 787's thread
.
It is all perfectly legal to assign costs and revenue to whatever segment of the accounts you want.
Please download and read through
AASB 115. Its not hard to understand. Then think about what could be done as you are reading through it. Realise also the ASX accounts are a different set of accounts, a consolidated view, not the view of each internal entity.
Notes in the account of each entity is where the real magic happens.
As yourself, does this AASB provide a mechanism that makes it possible to shuffle money around to create an impression that is desired? If so, without the accounts themselves there is no way to either verify or reject this process occurring. Qantas do not release the accounts of its Australian based entities.
However, there is leakage of information in other jurisdictions, and Jetconnect provided information that is publicly available. From that information, Senator Xenophon demonstrated that a completely separate and independent airline
DID NOT PAY FOR ITS OWN FUEL, by Alan Joyce's own admission in the Senate inquiry.
What this IR strategy relies on is the ignorance of these facts by the workforce and the general public.You are seeing the "chapter 11ization
" of Qantas as a ramrod to destroy industrial agreements.