Air New Zealand 2010 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2010 Air New Zealand annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

For the year to 30 June
2010
$M
2009
$M
2008
$M
2007
$M
2006
$M
Operating Revenue
Passenger revenue 3,305 3,734 3,808 3,479 3,088
Cargo 255 374 416 396 359
Contract services 322 331 287 264 237
Other revenue 164 170 156 140 121
4,046 4,609 4,667 4,279 3,805
Operating Expenditure
Labour (976) (1,019) (966) (883) (863)
Fuel (939) (1,687) (1,122) (1,109) (949)
Maintenance (326) (327) (247) (214) (218)
Aircraft operations (369) (423) (412) (388) (352)
Passenger services (240) (275) (254) (223) (222)
Sales and marketing (261) (295) (330) (295) (311)
Foreign exchange gains/(losses) 6 366 (128) (23) 55
Other expenses (233) (261) (261) (234) (256)
(3,338) (3,921) (3,720) (3,369) (3,116)
Earnings Before Finance Costs, Depreciation,
Amortisation, Rental Expenses and Taxation 708 688 947 910 689
Depreciation and amortisation (294) (276) (318) (322) (261)
Rental and lease expenses (263) (334) (270) (298) (280)
Earnings Before Finance Costs and Taxation 151 78 359 290 148
Finance income 43 98 117 92 74
Finance costs (71) (169) (172) (116) (72)
Earnings before Taxation and Unusual Items 123 7 304 266 150
Unusual items - - - 3 (44)
Profit Before Taxation 123 7 304 269 106
Taxation (expense)/credit (41) 14 (86) (48) (10)
Net Profit Attributable to Shareholders of Parent Company 82 21 218 221 96
Normalised Earnings Before Unusual Items and Taxation* 137 145 197 259 150
Normalised Earnings After Taxation* 92 118 146 228 96
Certain comparatives within the five year statistical review have been reclassified for comparative purposes, to ensure consistency with the current year.
The Group adopted NZ IFRS on 1 July 2007. Only information from 2007 onwards is compliant with NZ IFRS. In accordance with exemptions available
under NZ IFRS 1, all previous information is compliant with previous GAAP.
* 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.
AIR NEW ZEALAND
HISTORICAL SUMMARY OF FINANCIAL PERFORMANCE
FIVE YEAR STATISTICAL REVIEW
51