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17. FINANCIAL INSTRUMENTS (CONTINUED)
Foreign currency sensitivity on financial instruments
The following table demonstrates the sensitivity of Air New Zealand’s financial instruments at reporting date to a reasonably possible appreciation/
depreciation in the United States Dollar against the New Zealand Dollar. Other currencies are evaluated by converting first to United States Dollars
and then applying the above change against the New Zealand Dollar. All other variables are held constant. This analysis does not include future
forecast hedged operating or capital transactions.
GROUP
AS AT 30 JUNE 2010
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation (8) 2 - - - (1)
5 cents depreciation 9 (2) - - - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (121) 23 6 10 11 10
5 cents depreciation 140 (27) (7) (11) (13) (12)
GROUP
AS AT 30 JUNE 2009
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation (10) 4 - 1 - (1)
5 cents depreciation 12 (4) - (1) - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (95) 23 8 11 16 9
5 cents depreciation 111 (26) (9) (12) (19) (10)
COMPANY
AS AT 30 JUNE 2010
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation 2 2 - - - (1)
5 cents depreciation (3) (2) - - - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (132) 23 6 10 11 10
5 cents depreciation 153 (26) (7) (11) (13) (12)
COMPANY
AS AT 30 JUNE 2009
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation (11) 4 - 1 - (1)
5 cents depreciation 12 (5) - (1) - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (95) 23 8 11 16 9
5 cents depreciation 111 (26) (9) (12) (19) (10)
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2010
31