Air New Zealand 2009 Annual Report Download - page 37

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17. FINANCIAL INSTRUMENTS (CONTINUED)
COMPANY
AS AT 30 JUNE 2008
LOANS AND
RECEIVABLES
$M
NON-HEDGE
ACCOUNTED*
$M
AMORTISED
COST
$M
HEDGE
ACCOUNTED
$M
CARRYING
AMOUNT
$M
FAIR
VALUE
$M
Classification and fair values
Assets
Bank and short term deposits 1,279 - - - 1,279 1,279
Other interest-bearing assets 130 - - - 130 130
Trade and other receivables (excluding prepayments) 360 - - - 360 360
Derivative financial assets - 16 - 198 214 214
Amounts owing from subsidiaries 221 - - - 221 221
Amounts owing from associates 1 - - - 1 1
Total financial assets 1,991 16 - 198 2,205 2,205
Liabilities
Bank overdraft and short-term borrowings - - 1 - 1 1
Trade and other payables - - 419 - 419 419
Interest-bearing liabilities - - 274 - 274 277
Derivative financial liabilities - 3 - 84 87 87
Amounts owing to subsidiaries - - 1,128 - 1,128 1,128
Amounts owing to associates - - 1 - 1 1
Total financial liabilities - 3 1,823 84 1,910 1,913
* Classified as held for trading in accordance with NZ IFRS 7.
18. OTHER LIABILITIES
GROUP
2009
$M
GROUP
2008
$M
COMPANY
2009
$M
COMPANY
2008
$M
Current
Employee entitlements 160 122 146 110
Amounts owing to subsidiaries - - 1,166 1,034
Amounts owing to associates 1 1 1 1
Deferred credits with subsidiaries - - 1 2
Other liabilities (including defined benefit liabilities) 15 13 15 12
176 136 1,329 1,159
Non-current
Employee entitlements 12 11 12 11
Other liabilities 26 34 17 23
Amounts owing to subsidiaries - - 95 94
38 45 124 128
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2009
35