Air New Zealand 2011 Annual Report Download - page 43

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19. OTHER LIABILITIES
GROUP
2011
$M
GROUP
2010
$M
COMPANY
2011
$M
COMPANY
2010
$M
Current
Employee entitlements 147 139 130 123
Amounts owing to subsidiaries - - 889 1,163
Amounts owing to associates 2 13 2 13
Deferred credits with subsidiaries - - 1 1
Other liabilities (including defined benefit liabilities) 13 17 11 15
162 169 1,033 1,315
Non-current
Employee entitlements 12 12 12 11
Other liabilities 19 21 10 13
Amounts owing to subsidiaries - - 83 83
31 33 105 107
20. DISTRIBUTIONS TO OWNERS
GROUP
2011
$M
GROUP
2010
$M
COMPANY
2011
$M
COMPANY
2010
$M
Distributions recognised
Final dividend on Ordinary Shares 43 37 43 37
Interim dividend on Ordinary Shares 32 33 32 33
75 70 75 70
Distributions paid
Final dividend on Ordinary Shares 39 34 39 34
Interim dividend on Ordinary Shares 30 31 30 31
69 65 69 65
On 24 August 2011, the Board of Directors declared a final dividend for the 2011 financial year of 2.5 cents per Ordinary Share, payable
on 21 September 2011 to registered shareholders at 9 September 2011. The total dividend payable will be $27 million. No imputation
credits will be attached. This dividend has not been recognised in the June 2011 financial statements.
An interim dividend of 3.0 cents per Ordinary Share was paid on 22 March 2011. Imputation credits were attached and supplementary
dividends paid to non-resident shareholders. Under the dividend reinvestment plan, interim dividends payable of $3 million were settled
by the issue of 2,769,264 Ordinary Shares, at $1.0913 per Ordinary Share.
A final dividend in respect of the 2010 financial year of 4.0 cents per Ordinary Share was paid on 21 September 2010. Imputation
credits were attached and supplementary dividends paid to non-resident shareholders. Under the dividend reinvestment plan, dividends
payable of $5 million were settled by the issue of 4,133,584 Ordinary Shares, at $1.2597 per Ordinary Share.
A dividend reinvestment plan (the Plan) has been established which offers eligible shareholders the opportunity to increase their
investment in the Company by applying dividends received on some or all of their existing Ordinary Shares to the acquisition of
additional Ordinary Shares. All shareholders with registered addresses in New Zealand and Australia are entitled to participate in
the Plan. The subscription price of Ordinary Shares issued under the Plan will be at a discount of 1.5 percent of the volume weighted
average sale price of the Ordinary Shares on the NZSX and ASX over the first five trading days on which the Shares trade ex-
entitlement on the NZSX. For participation in the Plan to be effective in relation to the Final dividend which is proposed to be paid on
21 September 2011, a properly completed participation form must already be held, or will need to be received, by Link Market Services
Limited (the Company’s share registrar) prior to 5.00 pm (NZ time) on 9 September 2011.
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011