Air New Zealand 2011 Annual Report Download - page 44

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21. DEFERRED TAXATION
Deferred tax assets and liabilities are attributable to the following:
NON-
AIRCRAFT
ASSETS
$M
AIRCRAFT
RELATED
$M
PROVISIONS
AND
ACCRUALS
$M
DERIVATIVE
FINANCIAL
INSTRUMENTS
$M
TAX RATE
CHANGE*
$M
TOTAL
$M
GROUP
As at 1 July 2009
7 309 (73) (10) - 233
Amounts recognised in equity
- - - 13 - 13
Amounts recognised in earnings
20 (8) (8) - (15) (11)
As at 30 June 2010
27 301 (81) 3 (15) 235
Amounts recognised in equity
- - - (29) - (29)
Amounts recognised in earnings
3 22 - - - 25
As at 30 June 2011
30 323 (81) (26) (15) 231
COMPANY
As at 1 July 2009
3 194 (73) (10) - 114
Amounts recognised in equity
- - - 14 - 14
Amounts recognised in earnings
20 4 (7) - (8) 9
As at 30 June 2010
23 198 (80) 4 (8) 137
Amounts recognised in equity
- - - (33) - (33)
Amounts recognised in earnings
1 27 1 - - 29
As at 30 June 2011
24 225 (79) (29) (8) 133
* The New Zealand corporate income tax rate will reduce from 30% to 28% from the commencement of the 2012 income year.
Deferred tax assets and liabilities are offset on the face of the Statement of Financial Position where they relate to entities within the
same taxation authority.
22. ISSUED CAPITAL
GROUP
2011
$M
GROUP
2010
$M
COMPANY
2011
$M
COMPANY
2010
$M
Authorised, Issued and Fully Paid in Capital
Ordinary Shares
Balance at the beginning of the year 2,252 2,237 2,260 2,245
Shares issued 14 12 14 12
Equity-settled share-based payments 3 3 3 3
Balance at the end of the year 2,269 2,252 2,277 2,260
Represented by:
Paid in capital 2,259 2,244 2,267 2,252
Equity-settled share-based payments 10 8 10 8
2,269 2,252 2,277 2,260
GROUP
2011
GROUP
2010
COMPANY
2011
COMPANY
2010
Number of Ordinary Shares on issue
Balance at the beginning of the year 1,076,747,302 1,065,242,681 1,076,747,302 1,065,242,681
Mandatory shares issued under Long Term Incentive Plan 456,324 336,299 456,324 336,299
Dividend reinvestment plan 6,902,848 5,863,520 6,902,848 5,863,520
Exercise of Long Term Incentive Plan options 6,726,977 5,304,802 6,726,977 5,304,802
Balance at the end of the year 1,090,833,451 1,076,747,302 1,090,833,451 1,076,747,302
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2011
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011