Air New Zealand 2008 Annual Report Download - page 33

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AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2008
16. FINANCIAL INSTRUMENTS (CONTINUED)
The following table sets out the contractual, undiscounted cash flows for non-derivative financial liabilities:
GROUP
AS AT 30 JUNE 2008
BALANCE
SHEET
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Trade and other payables 480 480 480 - - -
Secured borrowings 445 486 116 105 192 73
Finance lease obligations 880 1,228 106 104 317 701
Amounts owing to associates 1 1 1 - - -
Total non-derivative liabilities 1,806 2,195 703 209 509 774
GROUP
AS AT 30 JUNE 2007
BALANCE
SHEET
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Bank overdraft and short-term borrowings 1 1 1 - - -
Trade and other payables 384 384 384 - - -
Secured borrowings 506 616 96 127 297 96
Finance lease obligations 878 1,277 103 103 306 765
Amounts owing to associates 3 3 3 - - -
Total non-derivative liabilities 1,772 2,281 587 230 603 861
COMPANY
AS AT 30 JUNE 2008
BALANCE
SHEET
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Bank overdraft and short-term borrowings 1 1 1 - - -
Trade and other payables 419 419 419 - - -
Finance lease obligations 274 396 43 42 126 185
Amounts owing to subsidiaries 1,128 1,128 1,034 - - 94
Amounts owing to associates 1 1 1 - - -
Total non-derivative liabilities 1,823 1,945 1,498 42 126 279
COMPANY
AS AT 30 JUNE 2007
BALANCE
SHEET
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Bank overdraft and short-term borrowings 1 1 1 - - -
Trade and other payables 328 328 328 - - -
Finance lease obligations 294 436 43 42 125 226
Amounts owing to subsidiaries 1,073 1,073 980 - - 93
Amounts owing to associates 3 3 3 - - -
Total non-derivative liabilities 1,699 1,841 1,355 42 125 319
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