Air New Zealand 2008 Annual Report Download - page 53

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AIR NEW ZEALAND
HISTORICAL SUMMARY OF FINANCIAL PERFORMANCE
FIVE YEAR STATISTICAL REVIEW
For the year to 30 June
2008
$M
2007
$M
2006
$M
2005
$M
2004
$M
Operating Revenue
Passenger revenue 3,808 3,479 3,088 2,911 2,792
Cargo 416 396 359 297 286
Contract services 287 264 237 283 290
Other revenue 156 140 121 125 130
4,667 4,279 3,805 3,616 3,498
Operating Expenditure
Labour (966) (883) (863) (843) (805)
Fuel (1,122) (1,109) (949) (626) (482)
Maintenance (247) (214) (218) (229) (258)
Aircraft operations (412) (388) (352) (372) (363)
Passenger services (254) (223) (222) (238) (229)
Sales and marketing (330) (295) (311) (338) (367)
Other expenses (389) (257) (201) (273) (295)
(3,720) (3,369) (3,116) (2,919) (2,799)
Earnings Before Finance Costs, Depreciation,
Amortisation, Rental Expenses and Taxation 947 910 689 697 699
Depreciation and amortisation (318) (322) (261) (250) (236)
Rental and lease expenses (270) (298) (280) (235) (228)
Earnings Before Finance Costs and Taxation 359 290 148 212 235
Finance income 117 92 74 60 37
Finance costs (172) (116) (72) (37) (29)
Earnings Before Unusual Items and Taxation 304 266 150 235 243
Unusual items - 3 (44) (3) (3)
Profit Before Taxation 304 269 106 232 240
Taxation expense (86) (48) (10) (52) (74)
Net Profit Attributable to Shareholders of Parent Company 218 221 96 180 166
Normalised Earnings Before Unusual Items and Taxation* 197 259 150 235 243
Certain comparatives within the five year statistical review have been reclassified for comparative purposes, to ensure consistency with the current year.
The Group adopted NZ IFRS on 1 July 2007. Only information from 2007 onwards is compliant with NZ IFRS. In accordance with exemptions available
under NZ IFRS 1, all previous information is compliant with previous GAAP. The nature of the adjustments which would make this information compliant
with NZ IFRS is provided within note 28.
* Normalised Earnings represents Earnings stated in compliance with NZ IFRS after excluding net gains and losses on non-hedge accounted and
ineffective derivatives that hedge exposures in other financial periods.
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