Air New Zealand 2011 Annual Report Download - page 61

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As at 30 June
2011
$M
2010
$M
2009
$M
2008
$M
2007
$M
DEBT
Secured borrowings 154 263 391 445 506
Finance lease liabilities 1,101 812 888 880 878
Bank overdraft and short term borrowings - - - - 1
1,255 1,075 1,279 1,325 1,385
Bank and short term deposits 860 1,067 1,573 1,289 1,058
Net open derivatives held in relation to interest-bearing liabilities2(28) 1 (100) 12 (48)
Interest-bearing secured deposit (included within Other assets) 170 137 130 130 120
NET DEBT 253 (130) (324) (106) 255
Net aircraft operating lease commitments11,064 1,533 1,638 1,413 1,362
NET DEBT (INCLUDING OFF BALANCE SHEET) 1,317 1,403 1,314 1,307 1,617
1. Net aircraft operating lease commitments for the next twelve months, multiplied by a factor of seven.
2. Unrealised gains/losses on open debt derivatives.
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011