Air New Zealand 2010 Annual Report Download - page 7

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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
Current Assets
Bank and short term deposits 6 1,067 1,573 1,061 1,566
Trade and other receivables 7 322 362 274 311
Inventories 8 162 143 132 110
Derivative financial assets 17 62 143 63 143
Income taxation 16 7 70 60
Assets held for resale 9832 -
Other assets 10 51 44 203 175
Total Current Assets 1,688 2,275 1,805 2,365
Non-Current Assets
Trade and other receivables 7 38 34 28 23
Property, plant and equipment 11 2,230 2,337 975 1,054
Intangible assets 12 43 39 38 34
Investments 13 61 62 286 284
Derivative financial assets 17 10 - 11 -
Assets held for resale 9 4 7 - -
Other assets 10 523 291 505 278
Total Non-Current Assets 2,909 2,770 1,843 1,673
Total Assets 4,597 5,045 3,648 4,038
Current Liabilities
Trade and other payables 348 374 310 332
Revenue in advance 14 788 721 771 712
Interest-bearing liabilities 15 175 172 24 22
Derivative financial liabilities 17 62 282 62 282
Provisions 16 65 34 65 34
Other liabilities 18 169 176 1,315 1,329
Total Current Liabilities 1,607 1,759 2,547 2,711
Non-Current Liabilities
Trade and other payables 4 - 4 -
Revenue in advance 14 114 114 114 114
Interest-bearing liabilities 15 900 1,107 206 230
Derivative financial liabilities 17 1 25 1 25
Provisions 16 137 164 137 162
Other liabilities 18 33 38 107 124
Deferred taxation 20 235 233 137 114
Total Non-Current Liabilities 1,424 1,681 706 769
Total Liabilities 3,031 3,440 3,253 3,480
Net Assets 1,566 1,605 395 558
Equity
Issued capital 21 2,252 2,237 2,260 2,245
Reserves (686) (632) (1,865) (1,687)
Total Equity 1,566 1,605 395 558
John Palmer Roger France
CHAIRMAN DIRECTOR
For and on behalf of the Board, 26 August 2010
5
AIR NEW ZEALAND
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2010