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Air New Zealand Annual Financial Results 
50
TO THE SHAREHOLDERS OF AIR NEW ZEALAND LIMITED FOR THE YEAR ENDED  JUNE 
The Auditor-General is the auditor of Air New Zealand Limited (the Company) and Group. The Auditor-General has appointed me, Andrew
Dick, using the staff and resources of Deloie, to carry out the audit of the financial statements of the Company and Group on her behalf.
We have audited the financial statements of the Company and Group on pages 2 to 49, that comprise the Statement of Financial Position
as at 30 June 2013, the Statement of Financial Performance, Statement of Comprehensive Income, Statement of Changes in Equity and
Statement of Cash Flows for the year ended on that date and the notes to the financial statements that include accounting policies and
other explanatory information.
Opinion
Financial statements
In our opinion the financial statements of the Company and Group on pages 2 to 49:
• complywithgenerallyacceptedaccountingpracticeinNewZealand;
• complywithInternationalFinancialReportingStandards;and
• giveatrueandfairviewoftheCompanyandGroup’s:
- financial position as at 30 June 2013; and
- financial performance and cash flows for the year ended on that date.
Other legal requirements
In accordance with the Financial Reporting Act 1993 we report that, in our opinion, proper accounting records have been kept by the
Company and Group as far as appears from an examination of those records.
Our audit was completed on 29 August 2013. This is the date at which our opinion is expressed.
The basis of our opinion is explained below. In addition, we outline the responsibilities of the Board of Directors and our responsibilities,
and we explain our independence.
Basis of opinion
We carried out our audit in accordance with the Auditor-General’s Auditing Standards, which incorporate the International Standards
on Auditing (New Zealand). Those standards require that we comply with ethical requirements and plan and carry out our audit to obtain
reasonable assurance about whether the financial statements are free from material misstatement.
Material misstatements are differences or omissions of amounts and disclosures that, in our judgement, are likely to influence
shareholders’ overall understanding of the financial statements. If we had found material misstatements that were not corrected, we
would have referred to them in our opinion.
An audit involves carrying out procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The
procedures selected depend on our judgement, including our assessment of risks of material misstatement of the financial statements
whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the preparation of the Company
and Group’s financial statements that give a true and fair view of the maers to which they relate. We consider internal control in order to
design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness
of the Company and Group’s internal control.
An audit also involves evaluating:
• theappropriatenessofaccountingpoliciesusedandwhethertheyhavebeenconsistentlyapplied;
• thereasonablenessofthesignicantaccountingestimatesandjudgementsmadebytheBoardofDirectors;
• theadequacyofalldisclosuresinthenancialstatements;and
• theoverallpresentationofthenancialstatements.
We did not examine every transaction, nor do we guarantee complete accuracy of the financial statements. Also we did not evaluate the
security and controls over the electronic publication of the financial statements.
In accordance with the Financial Reporting Act 1993, we report that we have obtained all the information and explanations we have
required. We believe we have obtained sufficient and appropriate audit evidence to provide a basis for our audit opinion.
Independent Auditor’s Report