Air New Zealand 2009 Annual Report Download - page 4

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AIR NEW ZEALAND
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR TO 30 JUNE 2009
NOTES
GROUP
2009
$M
GROUP
2008
$M
COMPANY
2009
$M
COMPANY
2008
$M
Operating Revenue
Passenger revenue 3,734 3,808 3,191 3,205
Cargo 374 416 370 412
Contract services 331 287 256 237
Other revenue 170 156 182 368
1 & 2 4,609 4,667 3,999 4,222
Operating Expenditure
Labour (1,019) (966) (878) (831)
Fuel 3 (1,687) (1,122) (1,593) (1,024)
Maintenance (327) (247) (276) (210)
Aircraft operations (423) (412) (343) (320)
Passenger services (275) (254) (268) (243)
Sales and marketing (295) (330) (277) (309)
Foreign exchange gains/(losses) 3 366 (128) 358 (114)
Other expenses 2 (261) (261) (253) (338)
2 (3,921) (3,720) (3,530) (3,389)
Earnings Before Finance Costs, Depreciation,
Amortisation, Rental Expenses and Taxation 688 947 469 833
Depreciation and amortisation (276) (318) (175) (194)
Rental and lease expenses 2 (334) (270) (459) (426)
Earnings Before Finance Costs and Taxation 78 359 (165) 213
Finance income 3 98 117 102 143
Finance costs 3 (169) (172) (142) (140)
Profit Before Taxation 7 304 (205) 216
Taxation credit/(expense) 4 14 (86) 87 (32)
Net Profit Attributable to Shareholders of Parent Company 21 218 (118) 184
Per Share Information:
Basic and diluted earnings per share (cents) 5 2.0 20.7
Interim and final dividend declared per share (cents) 19 6.5 8.5
Net tangible assets per share (cents) 147 145
GROUP
2009
$M
GROUP
2008
$M
Supplementary Information
Earnings before Taxation (per NZ IFRS above) 7 304
Reverse net (gains)/losses on derivatives that hedge exposures
in other financial periods:
Fuel derivatives 130 (129)
Foreign exchange derivatives 9 20
Interest rate derivatives (1) 2
Normalised Earnings before Taxation 145 197
Normalised Earnings after Taxation 118 146
Per Share Information:
Basic and diluted normalised earnings per share (cents) 11.1 13.9
Normalised Earnings represents Earnings stated in compliance with NZ IFRS after excluding net gains and losses on derivatives that hedge exposures in
other financial periods.
The accompanying accounting policies and notes form part of these financial statements.
2