Air New Zealand 2013 Annual Report Download - page 4

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The accompanying accounting policies and notes form part of these financial statements.
Air New Zealand Annual Financial Results 
2
NOTES
GROUP

M
GROUP

M
COMPANY

M
COMPANY

M
Operating Revenue
Passenger revenue
3,765 3,634 3,193 3,069
Cargo
301 298 296 293
Contract services 313 316 242 233
Other revenue 239 235 490 432
1, 2 4,618 4,483 4,221 4,027
Operating Expenditure
Labour (1,069) (1,050) (914) (898)
Fuel (1,204) (1,219) (1,109) (1,120)
Maintenance (303) (303) (225) (230)
Aircra operations
(419) (390) (326) (309)
Passenger services (222) (233) (214) (223)
Sales and marketing (274) (270) (257) (252)
Foreign exchange gains/(losses) 7 (68) 4 (70)
Other expenses
(236) (235) (213) (84)
3 (3,720) (3,768) (3,254) (3,186)
Earnings Before Finance Costs, Depreciation,
Amortisation, Rental Expenses and Taxation 898 715 967 841
Depreciation and amortisation
(411) (348) (277) (231)
Rental and lease expenses 3 (177) (209) (258) (289)
Earnings Before Finance Costs and Taxation 310 158 432 321
Finance income 37 31 40 36
Finance costs
(91) (95) (81) (89)
Profit Before Taxation
256 94 391 268
Taxation (expense)/credit 4 (74) (23) (42) 19
Net Profit Aributable to Shareholders of Parent Company
182 71 349 287
Per Share Information:
Basic earnings per share (cents) 5 16.6 6.5
Diluted earnings per share (cents) 5 16.5 6.5
Interim and final dividend declared per share (cents) 21 8.0 5.5
Net tangible assets per share (cents)
158 148
NOTE
GROUP

M
GROUP

M
Supplementary Information
Earnings before Taxation (per NZ IFRS above) 256 94
Reverse net (gains)/losses on derivatives that hedge exposures
in other financial periods:
Fuel derivatives (2) (11)
Foreign exchange derivatives 2 8
Normalised Earnings before Taxation
3
256 91
Normalised Earnings aer Taxation
182 69
Per Share Information:
Basic normalised earnings per share (cents)
16.6 6.3
Normalised Earnings represents Earnings stated in compliance with NZ IFRS aer excluding net gains and losses on derivatives that hedge
exposures in other financial periods. Normalised Earnings is a non-IFRS financial performance measure that matches derivative gains or
losses with the underlying hedged transaction, and represents the underlying performance of the business for the relevant period.
Statement of Financial Performance
For the year to 30 June 2013