Air New Zealand 2012 Annual Report Download - page 21

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AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2012
19
6. TRADE AND OTHER RECEIVABLES
GROUP
2012
$M
GROUP
2 011
$M
COMPANY
2012
$M
COMPANY
2 011
$M
Current
Trade receivables 308 307 290 276
Other receivables 4 5 4 4
Less: allowance for doubtful debts (2) (2) (2) (2)
310 310 292 278
Prepayments 64 67 43 48
374 377 335 326
Non-current
Other receivables - 1 - 1
Prepayments 48 51 7 12
48 52 7 13
Trade and other receivables is represented by:
Current 281 280 268 259
Past due 1- 90 days 23 30 19 20
Past due greater than 90 days 8 3 7 2
Allowance for doubtful debts (2) (2) (2) (2)
310 311 292 279
7. INVENTORIES
GROUP
2012
$M
GROUP
2 011
$M
COMPANY
2012
$M
COMPANY
2 011
$M
Engineering expendables 142 139 118 109
Consumable stores 28 28 23 27
170 167 141 136
Held at cost 150 149 120 118
Held at fair value less costs to sell 20 18 21 18
170 167 141 136
Movement in the provision for inventory obsolescence
Balance at the beginning of the year (26) (23) (23) (20)
Net increase in provision (1) (3) (3) (3)
Balance at the end of the year (27) (26) (26) (23)
Notes to the Financial Statements (Continued)
As at 30 June 2012