Air New Zealand 2008 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2008 Air New Zealand annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2008
19. DEFERRED TAXATION
Deferred tax assets and liabilities are attributable to the following:
NON-AIRCRAFT
ASSETS
$M
AIRCRAFT
RELATED
$M
FOREIGN
CURRENCY
DEBT
$M
PROVISIONS
AND
ACCRUALS
$M
DERIVATIVE
FINANCIAL
INSTRUMENTS
$M
TAX RATE
CHANGE
$M
TOTAL
$M
GROUP
As at 1 July 2006 18 298 23 (163) 35 - 211
Amounts recognised in equity - - - - (104) - (104)
Amounts recognised in earnings (1) 22 42 10 27 (26) 74
As at 30 June 2007 17 320 65 (153) (42) (26) 181
Amounts recognised in equity - - - - 29 (1) 28
Amounts recognised in earnings (10) 31 (10) 73 9 (3) 90
As at 30 June 2008 7 351 55 (80) (4) (30) 299
COMPANY
As at 1 July 2006 20 185 - (162) 35 - 78
Amounts recognised in equity - - - - (96) - (96)
Amounts recognised in earnings (2) 25 - 6 19 (6) 42
As at 30 June 2007 18 210 - (156) (42) (6) 24
Amounts recognised in equity - - - - 27 (1) 26
Amounts recognised in earnings (12) 19 - 75 11 (7) 86
As at 30 June 2008 6 229 - (81) (4) (14) 136
Deferred tax assets and liabilities are offset on the face of the Statement of Financial Position where they relate to entities within the same taxation
authority.
20. ISSUED CAPITAL
GROUP
2008
$M
GROUP
2007
$M
COMPANY
2008
$M
COMPANY
2007
$M
Issued and Fully Paid in Capital
Ordinary Shares
Balance at the beginning of the year 2,215 2,109 2,223 2,118
Shares issued 10 105 10 104
Equity-settled share-based payments 2 1 2 1
Balance at the end of the year 2,227 2,215 2,235 2,223
Represented by:
Paid in capital 2,223 2,213 2,231 2,221
Equity-settled share-based payments 4 2 4 2
2,227 2,215 2,235 2,223
GROUP
2008
GROUP
2007
COMPANY
2008
COMPANY
2007
Number of Ordinary Shares on issue
Balance at the beginning of the year 1,051,682,560 1,003,477,828 1,051,682,560 1,003,477,828
Mandatory shares issued under Long Term Incentive Plan 487,040 407,050 487,040 407,050
Dividend reinvestment plan 5,055,222 3,644,987 5,055,222 3,644,987
Conversion of redeemable convertible notes - 44,152,695 - 44,152,695
Balance at the end of the year 1,057,224,822 1,051,682,560 1,057,224,822 1,051,682,560
36