Air New Zealand 2008 Annual Report Download - page 5

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The accompanying accounting policies and notes form part of these financial statements.
AIR NEW ZEALAND
STATEMENT OF MOVEMENTS IN EQUITY
FOR THE YEAR TO 30 JUNE 2008
NOTES
GROUP
2008
$M
GROUP
2007
$M
COMPANY
2008
$M
COMPANY
2007
$M
Changes in fair value of cash flow hedges 21 68 (213) 68 (190)
Transfers to net profit from cash flow hedge reserve 21 22 (87) 22 (87)
Transfers to asset carrying value from cash flow hedge reserve 21 5 (15) - (13)
Net gain/(loss) on hedge of net investment in foreign operation 21 2 (12) - -
Taxation on above reserve movements 21 (32) 104 (30) 96
Income and Expense Recognised Directly in Equity 65 (223) 60 (194)
Net profit/(loss) for the year 218 221 184 (53)
Total Recognised Income and Expenses for the Year 283 (2) 244 (247)
Shares issued 20 10 105 10 104
Share-based payments 20 2 1 2 1
Dividend on Ordinary Shares 18 (106) (162) (106) (162)
Movements in Equity for the Year 189 (58) 150 (304)
Equity at the Beginning of the Year 1,388 1,446 522 826
Equity at the End of the Year 1,577 1,388 672 522
3