Air New Zealand 2010 Annual Report Download - page 55

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2010 2009 2008 2007 2006
PROFITABILITY
EBIT/Revenue 1 % 3.7 1.7 7.7 6.8 3.9
EBITDRA/Revenue1% 17.5 14.9 20.3 21.3 18.1
Return on Assets 2 % 3.3 1.5 7.1 6.2 3.1
Return on Equity 3 % 5.2 1.3 13.8 15.9 6.0
Basic Earnings Per Ordinary Share cps 7.6 2.0 20.7 21.6 9.6
Fixed Cover 5 times 2.4 1.7 2.9 2.8 2.5
Passenger Revenue/RPK c 12.8 13.8 13.0 12.9 12.1
LIQUIDITY
Operating Cash Flow Per Share 4cps 31.1 45.8 70.5 44.5 47.2
BALANCE SHEET
Gearing (excl. net capitalised aircraft operating leases) 6 % (9.1) (25.3) (7.2) 15.5 5.8
Gearing (incl. net capitalised aircraft operating leases) 7 % 47.3 45.0 45.3 53.8 51.9
Debt to Equity Ratio 8 % 193.6 214.3 218.5 236.2 200.2
Net Tangible Assets Per Share 4 $ 1.41 1.47 1.45 1.28 1.59
Working Capital Ratio 9 % 51.2 56.4 55.3 52.3 52.1
SHAREHOLDER VALUE
Closing Share Price 30 June $ 1.07 0.90 1.09 2.64 1.18
Weighted Average Number of Ordinary Shares m 1,073 1,061 1,055 1,022 1,001
Total Number of Ordinary Shares m 1,077 1,065 1,057 1,052 1,003
Total Market Capitalisation $m 1,152 959 1,152 2,776 1,183
Total Shareholder Return % 18.9 (17.4) (58.7) 123.7 (18.6)
1. Excludes Unusual Items
2. EBIT/Total Assets
3. Net Profit After Tax/Total Equity
4. Per-share measures based upon Ordinary Shares
5. EBITDRA/(Rental and Lease Expenses and Net Finance Costs)
6. Net Debt (excluding capitalised operating leases)/Net Debt plus Equity (Convertible notes treated as Equity)
7. Net Debt (including capitalised operating leases)/Net Debt plus Equity (Convertible notes treated as Equity)
8. Total Liabilities/Total Equity
9. Current Assets/(Current Assets plus Current Liabilities)
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.
AIR NEW ZEALAND
FINANCIAL RATIOS
FIVE YEAR STATISTICAL REVIEW
53