Air New Zealand 2013 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2013 Air New Zealand annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Air New Zealand Annual Financial Results  1
*This document, in conjunction with the Air New Zealand Annual Shareholder Review 2013, constitutes the 2013 Annual Report to shareholders of Air New Zealand Limited.
Directors Statement
The directors of Air New Zealand Limited are pleased to present to shareholders the Annual Report* and financial statements for Air New
Zealand and its controlled entities (together the “Group”) for the year to 30 June 2013.
The directors are responsible for presenting financial statements in accordance with New Zealand law and generally accepted accounting
practice, which give a true and fair view of the financial position of the Group as at 30 June 2013 and the results of the Group’s operations
and cash flows for the year ended on that date.
The directors consider the financial statements of the Group have been prepared using accounting policies which have been consistently
applied and supported by reasonable judgements and estimates and that all relevant financial reporting and accounting standards have
been followed.
The directors believe that proper accounting records have been kept which enable with reasonable accuracy, the determination of the
financial position of the Group and facilitate compliance of the financial statements with the Financial Reporting Act 1993.
The directors consider that they have taken adequate steps to safeguard the assets of the Group, and to prevent and detect fraud and
other irregularities. Internal control procedures are also considered to be sufficient to provide a reasonable assurance as to the integrity
and reliability of the financial statements.
This Annual Report is signed on behalf of the Board by:
John Palmer Roger France
CHAIRMAN DIRECTOR
29 August 2013
Financial Statements
Statement of Financial Performance 2 Statement of Accounting Policies 7
Statement of Comprehensive Income 3 Notes to the Financial Statements 16
Statement of Changes in Equity 4 Independent Audit Report 50
Statement of Financial Position 5 Five Year Statistical Review 52
Statement of Cash Flows 6
General Information
Corporate Governance at Air New Zealand 57 Subsidiary Companies 66
Directors’ Profiles 60 Employee Remuneration 68
Directors’ Interests 62 Shareholder Statistics 71
Indemnities and Insurance 63 Operating Fleet Statistics 73
Directors’ Remuneration 64 General Information 74
Directors’ Interests in Air New Zealand Securities 65 Shareholder Directory 76