Air New Zealand 2011 Annual Report Download - page 28

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13. INVESTMENTS IN OTHER ENTITIES (CONTINUED)
ASSOCIATES
Significant associates comprise:
NAME % OWNED PRINCIPAL ACTIVITY COUNTRY OF INCORPORATION
Christchurch Engine Centre (CEC) 49 Engineering services New Zealand
VCubed Pty Limited 26 Online booking exchange Australia
VCubed Pty Limited has a balance date of 30 June and CEC has a balance date of 31 December.
GROUP
2011
$M
GROUP
2010
$M
Carrying amount
Christchurch Engine Centre 51 57
VCubed Pty Limited 3 4
54 61
Summarised financial information of associates - 100%:
Assets 175 180
Liabilities 77 70
Revenue 353 251
Profit after taxation 5 11
Results of associates
Share of profit before taxation 3 6
Taxation expense - -
Share of profit after taxation of associates 3 6
14. REVENUE IN ADVANCE
GROUP
2011
$M
GROUP
2010
$M
COMPANY
2011
$M
COMPANY
2010
$M
Current
Transportation sales in advance 767 676 758 667
Loyalty programme 106 104 107 104
Other 15 8 3 -
888 788 868 771
Non-current
Loyalty programme 122 114 122 114
122 114 122 114
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2011
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011