Air New Zealand 2013 Annual Report Download - page 51

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Air New Zealand Annual Financial Results  49
. RELATED PARTIES CONTINUED
Associates
Transactions between Air New Zealand and its associates were as follows:
COMPANY

M
COMPANY

M
Operating revenue 4 5
Operating expenditure
(12) (16)
During the period the Group engaged the Christchurch Engine Centre (CEC) to provide maintenance services on certain V2500 engines. In
addition the Group provides certain administration services to CEC. Amounts outstanding at the end of the year are disclosed within Note 20.
On 22 May 2013 the Christchurch Engine Centre paid a distribution of $15 million.
Joint venture
Pacific Leisure Group Limited was incorporated on 20 October 2011 and commenced trading as a joint venture on 25 November 2011.
The company paid a dividend of $250k to Air New Zealand on 20 March 2013.
Other related party disclosures
Other balances and transactions with related parties are not considered material to Air New Zealand and are entered into in the normal
course of business on standard commercial terms. There have been no related party debts forgiven during the year.
Notes to the Financial Statements (Continued)
For the year to and as at 30 June 2013