Air New Zealand 2008 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 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

As at 30 June
2008
$M
2007
$M
2006
$M
2005
$M
2004
$M
DEBT
Convertible notes - - 98 98 98
Secured borrowings 445 506 852 679 837
Finance lease liabilities 880 878 508 115 47
Bank overdraft and short term borrowings - 1 - 1 2
1,325 1,385 1,458 893 984
Bank and short term deposits 1,289 1,058 1,150 1,071 1,022
Interest bearing secured deposit (included within Other assets) 130 120 105 90 -
NET DEBT (94) 207 203 (268) (38)
Net aircraft operating lease commitments11,413 1,362 1,723 1,477 1,386
NET DEBT (INCLUDING OFF BALANCE SHEET) 1,319 1,569 1,926 1,209 1,348
1. Net aircraft operating lease commitments for the next twelve months, multiplied by a factor of seven.
AIR NEW ZEALAND
HISTORICAL SUMMARY OF DEBT
FIVE YEAR STATISTICAL REVIEW
55