Air New Zealand 2011 Annual Report Download - page 35

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17. FINANCIAL RISK MANAGEMENT (CONTINUED)
Foreign currency sensitivity on financial instruments
The following table demonstrates the sensitivity of Air New Zealand’s financial instruments at reporting date to a reasonably possible
appreciation/depreciation in the United States Dollar against the New Zealand Dollar. Other currencies are evaluated by converting first
to United States Dollars and then applying the above change against the New Zealand Dollar. All other variables are held constant.
This analysis does not include future forecast hedged operating or capital transactions.
GROUP
AS AT 30 JUNE 2011
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation (2) 1 - - - (1)
5 cents depreciation 2 (1) - - - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (83) 16 5 8 10 7
5 cents depreciation 95 (18) (6) (9) (12) (8)
GROUP
AS AT 30 JUNE 2010
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation (8) 2 - - - (1)
5 cents depreciation 9 (2) - - - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (121) 23 6 10 11 10
5 cents depreciation 140 (27) (7) (11) (13) (12)
COMPANY
AS AT 30 JUNE 2011
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation 1 1 - - - (1)
5 cents depreciation (1) (2) - - - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (90) 23 5 8 10 7
5 cents depreciation 102 (26) (6) (9) (12) (8)
COMPANY
AS AT 30 JUNE 2010
In NZ$M USD AUD EUR JPY GBP OTHER
On profit before taxation
5 cents appreciation 2 2 - - - (1)
5 cents depreciation (3) (2) - - - 1
On cash flow hedge reserve (within equity)
5 cents appreciation (132) 23 6 10 11 10
5 cents depreciation 153 (26) (7) (11) (13) (12)
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011