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17. FINANCIAL RISK MANAGEMENT (CONTINUED)
GROUP
AS AT 30 JUNE 2010
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Trade and other payables 352 352 352 - - -
Secured borrowings 263 270 114 71 46 39
Finance lease obligations 812 940 80 83 308 469
Amounts owing to associates 13 13 13 - - -
Total non-derivative liabilities 1,440 1,575 559 154 354 508
COMPANY
AS AT 30 JUNE 2011
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Bank overdraft and short term borrowings 1 1 1 - - -
Trade and other payables 331 331 331 - - -
Finance lease obligations 608 679 67 67 214 331
Amounts owing to subsidiaries 972 972 889 - - 83
Amounts owing to associates 2 2 2 - - -
Total non-derivative liabilities 1,914 1,985 1,290 67 214 414
COMPANY
AS AT 30 JUNE 2010
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Trade and other payables 314 314 314 - - -
Finance lease obligations 230 259 31 31 101 96
Amounts owing to subsidiaries 1,246 1,246 1,163 - - 83
Amounts owing to associates 13 13 13 - - -
Total non-derivative liabilities 1,803 1,832 1,521 31 101 179
The following table sets out the contractual, undiscounted cash flows for derivative financial instruments:
GROUP
AS AT 30 JUNE 2011
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Foreign exchange derivatives:
- Inflow 2,409 2,225 184 - -
- Outflow (2,468) (2,276) (192) - -
(165) (59) (51) (8) - -
Fuel derivatives 6 10 10 - - -
(159) (49) (41) (8) - -
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2011
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011