Air New Zealand 2013 Annual Report Download - page 6

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The accompanying accounting policies and notes form part of these financial statements.
Air New Zealand Annual Financial Results 
4
NOTES
GROUP
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M
GROUP
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COMPANY
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M
COMPANY
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Issued Capital
Balance at the beginning of the year 2,282 2,269 2,290 2,277
Acquisition of treasury stock (share buyback) (11) - (11) -
Shares issued 1 8 1 8
Equity-seled share-based payments
5 5 5 5
Balance at the end of the year
23 2,277 2,282 2,285 2,290
Cash Flow Hedge Reserve
Balance at the beginning of the year 86 (20) 81 (30)
Changes in fair value of cash flow hedges 85 63 82 67
Transfers to net profit ("Fuel") (2) 14 (2) 14
Transfers to net profit ("Foreign exchange gains/(losses)") (3) 61 2 64
Transfers to asset carrying value (28) 10 (28) 10
Taxation on above reserve movements (15) (42) (16) (44)
Balance at the end of the year 19 123 86 119 81
Investment Revaluation Reserve
Balance at the beginning of the year (41) (81) - -
Changes in fair value of investment in quoted equity instruments
13 (6) 40 - -
Balance at the end of the year
(47) (41) - -
Foreign Currency Translation Reserve
Balance at the beginning of the year (9) (10) - -
Net translation (loss)/gain on investment in foreign operation (8) 1 - -
Balance at the end of the year (17) (9) - -
Retained Deficit
Balance at the beginning of the year
(632) (654) (1,463) (1,701)
Net profit for the year
182 71 349 287
Dividends on Ordinary Shares 21 (71) (49) (71) (49)
Balance at the end of the year
(521) (632) (1,185) (1,463)
Total Equity aributable to Shareholders of the Parent Company
1,815 1,686 1,219 908
Non-controlling Interests
Balance at the beginning of the year 2 - - -
Acquired through business combinations - 2 - -
Disposed through business combinations (1) - - -
Total Equity aributable to Non-controlling Interest 1 2 - -
Total Equity at the End of the Year
1,816 1,688 1,219 908
Total Equity
Balance at the beginning of the year
1,688 1,504 908 546
Net profit for the year
182 71 349 287
Total other comprehensive income for the year, net of taxation
23 147 38 111
Transactions with owners:
Acquisition of treasury stock (share buyback) 23 (11) - (11) -
Shares issued 23 1 8 1 8
Equity-seled share-based payments 23 5 5 5 5
Dividends on Ordinary Shares 21 (71) (49) (71) (49)
Acquired through business combinations - 2 - -
Disposed through business combinations (1) - - -
Transactions with owners (77) (34) (76) (36)
Balance at the End of the Year
1,816 1,688 1,219 908
Statement of Changes In Equity
For the year to 30 June 2013