Air New Zealand 2011 Annual Report Download - page 57

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For the year to 30 June
2011
$M
2010
$M
2009
$M
2008
$M
2007
$M
Operating Revenue
Passenger revenue 3,525 3,305 3,734 3,808 3,479
Cargo 278 255 374 416 396
Contract services 329 322 331 287 264
Other revenue 209 164 170 156 140
4,341 4,046 4,609 4,667 4,279
Operating Expenditure
Labour (1,034) (976) (1,019) (966) (883)
Fuel (1,084) (939) (1,687) (1,122) (1,109)
Maintenance (311) (326) (327) (247) (214)
Aircraft operations (381) (369) (423) (412) (388)
Passenger services (242) (240) (275) (254) (223)
Sales and marketing (274) (261) (295) (330) (295)
Foreign exchange (losses)/gains (118) 6 366 (128) (23)
Other expenses (234) (233) (261) (261) (234)
(3,678) (3,338) (3,921) (3,720) (3,369)
Earnings Before Finance Costs, Depreciation,
Amortisation, Rental Expenses and Taxation 663 708 688 947 910
Depreciation and amortisation (316) (294) (276) (318) (322)
Rental and lease expenses (238) (263) (334) (270) (298)
Earnings Before Finance Costs and Taxation 109 151 78 359 290
Finance income 36 43 98 117 92
Finance costs (72) (71) (169) (172) (116)
Earnings before Taxation and Unusual Items 73 123 7 304 266
Unusual items - - - - 3
Profit Before Taxation 73 123 7 304 269
Taxation credit/(expense) 8 (41) 14 (86) (48)
Net Profit Attributable to Shareholders of Parent Company 81 82 21 218 221
Normalised Earnings Before Unusual Items and Taxation* 75 137 145 197 259
Normalised Earnings After Taxation* 82 92 118 146 228
Certain comparatives within the five year statistical review have been reclassified for comparative purposes, to ensure consistency with
the current year.
* Normalised Earnings represents Earnings stated in compliance with NZ IFRS after excluding net gains and losses on derivatives that
hedge exposures in other financial periods.
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011