Air New Zealand 2009 Annual Report Download - page 56

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As at 30 June
2009
$M
2008
$M
2007
$M
2006
$M
2005
$M
DEBT
Convertible notes - - - 98 98
Secured borrowings 391 445 506 852 679
Finance lease liabilities 888 880 878 508 115
Bank overdraft and short term borrowings - - 1 - 1
1,279 1,325 1,385 1,458 893
Bank and short term deposits 1,573 1,289 1,058 1,150 1,071
Net open derivatives held in relation to interest-bearing liabilities2(100) 12 (48) - -
Interest-bearing secured deposit (included within Other assets) 130 130 120 105 90
NET DEBT (324) (106) 255 203 (268)
Net aircraft operating lease commitments11,638 1,413 1,362 1,723 1,477
NET DEBT (INCLUDING OFF BALANCE SHEET) 1,314 1,307 1,617 1,926 1,209
1. Net aircraft operating lease commitments for the next twelve months, multiplied by a factor of seven.
2. Unrealised gains/losses on open debt derivatives.
AIR NEW ZEALAND
HISTORICAL SUMMARY OF DEBT
FIVE YEAR STATISTICAL REVIEW
54