Air New Zealand 2008 Annual Report Download - page 36

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AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2008
16. FINANCIAL INSTRUMENTS (CONTINUED)
COMPANY
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 1,279 - - - 1,279 1,279
Security deposit 130 - - - 130 130
Trade and other receivables (excluding prepayments) 360 - - - 360 360
Derivative financial assets - 16 - 198 214 214
Amounts owing from subsidiaries 221 - - - 221 221
Amounts owing from associates 1 - - - 1 1
Total financial assets 1,991 16 - 198 2,205 2,205
Liabilities
Bank overdraft and short-term borrowings - - 1 - 1 1
Trade and other payables - - 419 - 419 419
Interest-bearing liabilities - - 274 - 274 277
Derivative financial liabiltiies - 3 - 84 87 87
Amounts owing to subsidiaries - - 1,128 - 1,128 1,128
Amounts owing to associates - - 1 - 1 1
Total financial liabilities - 3 1,823 84 1,910 1,913
* Classified as held for trading in accordance with NZ IFRS 7.
COMPANY
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 1,051 - - - 1,051 1,051
Security deposit 120 - - - 120 120
Trade and other receivables (excluding prepayments) 371 - - - 371 371
Derivative financial assets - 1 - 35 36 36
Amounts owing from subsidiaries 205 - - - 205 205
Total financial assets 1,747 1 - 35 1,783 1,783
Liabilities
Bank overdraft and short-term borrowings - - 1 - 1 1
Trade and other payables - - 328 - 328 328
Interest-bearing liabilities - - 294 - 294 297
Derivative financial liabiltiies - 54 - 91 145 145
Amounts owing to subsidiaries - - 1,073 - 1,073 1,073
Amounts owing to associates - - 3 - 3 3
Total financial liabilities - 54 1,699 91 1,844 1,847
* Classified as held for trading in accordance with NZ IFRS 7.
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