Air New Zealand 2010 Annual Report Download - page 40

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18. OTHER LIABILITIES
GROUP
2010
$M
GROUP
2009
$M
COMPANY
2010
$M
COMPANY
2009
$M
Current
Employee entitlements 139 160 123 146
Amounts owing to subsidiaries - - 1,163 1,166
Amounts owing to associates 13 1 13 1
Deferred credits with subsidiaries - - 1 1
Other liabilities (including defined benefit liabilities) 17 15 15 15
169 176 1,315 1,329
Non-current
Employee entitlements 12 12 11 12
Other liabilities 21 26 13 17
Amounts owing to subsidiaries - - 83 95
33 38 107 124
19. DISTRIBUTIONS TO OWNERS
GROUP
2010
$M
GROUP
2009
$M
COMPANY
2010
$M
COMPANY
2009
$M
Distributions recognised
Final dividend on Ordinary Shares 37 37 37 37
Interim dividend on Ordinary Shares 33 32 33 32
70 69 70 69
Distributions paid
Final dividend on Ordinary Shares 34 34 34 34
Interim dividend on Ordinary Shares 31 29 31 29
65 63 65 63
On 25 August 2010, the Board of Directors declared a final dividend for the 2010 financial year of 4.0 cents per Ordinary Share, payable on
21 September 2010 to registered shareholders at 10 September 2010. The total dividend payable will be $43 million. Imputation credits will be attached
and supplementary dividends paid to non-resident shareholders. This dividend has not been recognised in the June 2010 financial statements.
An interim dividend of 3.0 cents per Ordinary Share was paid on 26 March 2010. Imputation credits were attached and supplementary dividends paid
to non-resident shareholders. Under the dividend reinvestment plan, interim dividends payable of $3 million were settled by the issue of 2,141,257
Ordinary Shares, at $1.2929 per Ordinary Share.
A final dividend in respect of the 2009 financial year of 3.5 cents per Ordinary Share was paid on 18 September 2009. Imputation credits were attached
and supplementary dividends paid to non-resident shareholders. Under the dividend reinvestment plan, dividends payable of $4 million were settled by
the issue of 3,722,263 Ordinary Shares, at $1.2089 per Ordinary Share.
A dividend reinvestment plan (the Plan) has been established which offers eligible shareholders the opportunity to increase their investment in the
Company by applying dividends received on some or all of their existing Ordinary Shares to the acquisition of additional Ordinary Shares. All shareholders
with registered addresses in New Zealand and Australia are entitled to participate in the Plan. The subscription price of Ordinary Shares issued under
the Plan will be at a discount of 1.5 percent of the volume weighted average sale price of the Ordinary Shares on the NZSX and ASX over the first five
trading days on which the Shares trade ex-entitlement on the NZSX. For participation in the Plan to be effective in relation to the Final dividend which is
proposed to be paid on 21 September 2010, a properly completed participation form must already be held, or will need to be received, by Link Market
Services Limited (the Company’s share registrar) prior to 5.00 pm (NZ time) on 10 September 2010.
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2010
38