Air New Zealand 2009 Annual Report Download - page 5

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The accompanying accounting policies and notes form part of these financial statements.
AIR NEW ZEALAND
STATEMENT OF MOVEMENTS IN EQUITY
FOR THE YEAR TO 30 JUNE 2009
NOTES
GROUP
2009
$M
GROUP
2008
$M
COMPANY
2009
$M
COMPANY
2008
$M
Changes in fair value of cash flow hedges 22 117 68 117 68
Transfers to net profit from cash flow hedge reserve 22 (10) 22 (10) 22
Transfers to asset carrying value from cash flow hedge reserve 22 (17) 5 (17) -
Net gain on hedge of net investment in foreign operation 22 1 2 - -
Taxation on above reserve movements 22 (25) (32) (27) (30)
Income and Expense Recognised Directly in Equity 66 65 63 60
Net profit for the year 21 218 (118) 184
Total Recognised Income and Expenses for the Year 87 283 (55) 244
Shares issued 21 7 10 7 10
Share-based payments 21 3 2 3 2
Dividend on Ordinary Shares 19 (69) (106) (69) (106)
Movements in Equity for the Year 28 189 (114) 150
Equity at the Beginning of the Year 1,577 1,388 672 522
Equity at the End of the Year 1,605 1,577 558 672
3