Air New Zealand 2010 Annual Report Download - page 6

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The accompanying accounting policies and notes form part of these financial statements.
NOTES
GROUP
2010
$M
GROUP
2009
$M
COMPANY
2010
$M
COMPANY
2009
$M
Issued Capital
Balance at the beginning of the year 2,237 2,227 2,245 2,235
Shares issued 21 12 7 12 7
Equity settled share-based payments 21 3 3 3 3
Balance at the end of the year 2,252 2,237 2,260 2,245
Cash Flow Hedge Reserve
Balance at the beginning of the year 47 (16) 47 (16)
Changes in fair value of cash flow hedges (59) 117 (56) 117
Transfers to net profit ("Fuel") (34) 374 (34) 374
Transfers to net profit ("Foreign exchange gains") 1 (384) 1 (384)
Transfers to asset carrying value (1) (17) (1) (17)
Taxation on above reserve movements 28 (27) 27 (27)
Balance at the end of the year (18) 47 (16) 47
Foreign Currency Translation Reserve
Balance at the beginning of the year (7) (10) - -
Net translation (loss)/gain on investment in foreign operation (1) 1 - -
Taxation on above reserve movements - 2 - -
Balance at the end of the year (8) (7) - -
Retained Deficit
Balance at the beginning of the year (672) (624) (1,734) (1,547)
Net profit/(loss) for the year 82 21 (45) (118)
Dividends on Ordinary Shares 19 (70) (69) (70) (69)
Balance at the end of the year (660) (672) (1,849) (1,734)
Total Equity at the End of the Year 1,566 1,605 395 558
Total Equity
Balance at the beginning of the year 1,605 1,577 558 672
Shares issued 21 12 7 12 7
Equity settled share-based payments 21 3 3 3 3
Dividends on Ordinary Shares 19 (70) (69) (70) (69)
Total comprehensive income for the year, net of tax 16 87 (108) (55)
Balance at the End of the Year 1,566 1,605 395 558
4
AIR NEW ZEALAND
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR TO 30 JUNE 2010