Air New Zealand 2008 Annual Report Download - page 35

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AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2008
16. FINANCIAL INSTRUMENTS (CONTINUED)
The accounting classification of each category of financial instruments, and their carrying amounts, are set out below:
GROUP
AS AT 30 JUNE 2008
LOANS AND
RECEIVABLES
$M
NON-HEDGE
ACCOUNTED*
$M
AMORTISED
COST
$M
HEDGE
ACCOUNTED
$M
CARRYING
AMOUNT
$M
FAIR
VALUE
$M
Classification and fair values
Assets
Bank and short term deposits 1,289 - - - 1,289 1,289
Security deposit 130 - - - 130 130
Trade and other receivables (excluding prepayments) 383 - - - 383 383
Derivative financial assets - 16 - 198 214 214
Amount owing from associates 1 - - - 1 1
Total financial assets 1,803 16 - 198 2,017 2,017
Liabilities
Trade and other payables - - 480 - 480 480
Interest-bearing liabilities - - 1,325 - 1,325 1,357
Derivative financial liabilities - 3 - 84 87 87
Amounts owing to associates - - 1 - 1 1
Total financial liabilities - 3 1,806 84 1,893 1,925
* Classified as held for trading in accordance with NZ IFRS 7.
GROUP
AS AT 30 JUNE 2007
LOANS AND
RECEIVABLES
$M
NON-HEDGE
ACCOUNTED*
$M
AMORTISED
COST
$M
HEDGE
ACCOUNTED
$M
CARRYING
AMOUNT
$M
FAIR
VALUE
$M
Classification and fair values
Assets
Bank and short term deposits 1,058 - - - 1,058 1,058
Security deposit 120 - - - 120 120
Trade and other receivables (excluding prepayments) 388 - - - 388 388
Derivative financial assets - 1 - 35 36 36
Total financial assets 1,566 1 - 35 1,602 1,602
Liabilities
Bank overdraft and short-term borrowings - - 1 - 1 1
Trade and other payables - - 384 - 384 384
Interest-bearing liabilities - - 1,384 - 1,384 1,420
Derivative financial liabilities - 49 - 96 145 145
Amounts owing to associates - - 3 - 3 3
Total financial liabilities - 49 1,772 96 1,917 1,953
* Classified as held for trading in accordance with NZ IFRS 7.
33