Air New Zealand 2009 Annual Report Download - page 18

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5. EARNINGS PER SHARE
GROUP
2009
GROUP
2008
Earnings per share attributable to equity holders of the Company
Basic and diluted earnings per share (cents) 2.0 20.7
$M $M
Earnings attributable to equity holders of the Company
Earnings for the purpose of basic and diluted earnings per share 21 218
Weighted average number of shares (in millions of shares)
Weighted average number of ordinary shares for basic and diluted earnings per share 1,061 1,055
6. NOTES TO THE STATEMENT OF CASH FLOWS
Composition of closing cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, are reconciled to the related balances in the Statement of Financial Position as follows:
GROUP
2009
$M
GROUP
2008
$M
COMPANY
2009
$M
COMPANY
2008
$M
Cash balances 26 33 19 22
Other short term deposits and short term bills 1,547 1,256 1,547 1,257
Bank and short term deposits 1,573 1,289 1,566 1,279
Bank overdraft and short term borrowings - - - (1)
Total cash and cash equivalents 1,573 1,289 1,566 1,278
Receipts and payments in respect of funding to/from related parties have been combined to present a net cash flow in the Company. Given the large
amounts involved and the short maturities of the deals, it is considered more appropriate to present these flows as net.
Reconciliation of Net Profit Attributable to Shareholders to Net Cash Flows from Operating Activities:
Net profit attributable to shareholders 21 218 (118) 184
Plus/(less) non-cash items:
Depreciation and amortisation 276 318 175 194
Loss on disposal of property, plant and equipment and intangibles 11 4 8 6
Impairment of property, plant and equipment 81 - 14 -
Share of surplus of associates (3) - - -
Unrealised losses/(gains)on fuel derivatives 130 (129) 130 (129)
Foreign exchange losses 36 16 34 2
Discount on aquisition (10) - - -
Other non-cash items 8 21 6 104
550 448 249 361
Net working capital movements:
Assets 83 (25) 157 (34)
Revenue in advance (96) 81 (98) 101
Deferred foreign exchange losses 131 81 131 81
Liabilities (182) 158 (209) 113
(64) 295 (19) 261
Net cash flow from operating activities 486 743 230 622
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR TO 30 JUNE 2009
16