Air New Zealand 2008 Annual Report Download - page 15

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1. SEGMENTAL INFORMATION
Air New Zealand operates predominantly in one segment, its primary business being the transportation of passengers and cargo on scheduled airline
services to, from and within New Zealand.
Geographical
An analysis of operating revenue by geographical region of original sale is provided below.
GROUP
2008
$M
GROUP
2007
$M
Analysis of revenue by geographical region of original sale
New Zealand 2,448 2,299
Australia and Pacific Islands 625 550
United Kingdom and Europe 551 458
Asia 480 458
North America 563 514
Total operating revenue 4,667 4,279
The principal non-current assets of the Group are the aircraft fleet which is registered in New Zealand and employed across the worldwide network.
Accordingly, there is no reasonable basis for allocating these assets to geographical segments.
2. PROFIT BEFORE TAXATION
GROUP
2008
$M
GROUP
2007
$M
COMPANY
2008
$M
COMPANY
2007
$M
Profit before taxation has been determined by (debiting)/
crediting the following:
Total operating revenue, including finance income 4,784 4,371 4,365 3,818
Dividend revenue from related parties - - 150 -
Audit of financial statements* (1) (1) (1) (1)
Termination costs** (4) (19) (4) (19)
Net foreign exchange gain/(loss) 6 (7) 11 (50)
(Loss)/gain on disposal of property, plant and equipment (4) 4 (6) 3
Amortisation of deferred credits - - 1 2
Rental and lease expenses
Aircraft (226) (260) (387) (424)
Buildings (44) (38) (39) (34)
Total rental and lease expenses (270) (298) (426) (458)
* Excluded from the fees above are fees for other audit related services of $218k for the year ended 30 June 2008 (30 June 2007: $354k) paid in
respect of the half-year review and IFRS compliance work. Other fees of $31k (30 June 2007: $40k) were paid for tax compliance work and other
assurance services.
** Termination costs were included in unusual items in the year to 30 June 2007.
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 30 JUNE 2008
13