Air New Zealand 2014 Annual Report Download - page 18

Download and view the complete annual report

Please find page 18 of the 2014 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 201416
1. SEGMENTAL INFORMATION
Air New Zealand operates predominantly in one segment, its primary business being the transportation of passengers and cargo on an
integrated network of scheduled airline services to, from and within New Zealand. Resource allocation decisions across the network are
made to optimise the consolidated Group’s financial result.
Geographical
An analysis of operating revenue by geographical region of original sale is provided below:
GROUP
2014
$M
GROUP
2013
$M
Analysis of revenue by geographical region of original sale
New Zealand
Australia and Pacific Islands
United Kingdom and Europe
Asia
North America
2,747
682
270
326
638
2,659
711
306
366
573
Total operating revenue 4,663 4,615
The principal non-current asset of the Group is the aircraft fleet which is registered in New Zealand and employed across the worldwide
network. Accordingly, there is no reasonable basis for allocating the assets to geographical segments.
2. REVENUE AND OTHER INCOME
The following disclosure provides additional information in relation to Revenue and Other Income included within the Statement of
Financial Performance.
GROUP
2014
$M
GROUP
2013
$M
COMPANY
2014
$M
COMPANY
2013
$M
Operating revenue
Finance income
4,663
44
4,615
37
4,201
47
4,221
40
Total operating revenue, including finance income 4,707 4,652 4,248 4,261
Share of the profit of associates
Dividend income from related parties
11
-
5
-
-
200
-
248
3. EXPENSES
The following disclosure provides additional information in relation to Expenses included within the Statement of Financial Performance.
GROUP
2014
$M
GROUP
2013
$M
COMPANY
2014
$M
COMPANY
2013
$M
The following amounts have been debited/(credited) in profit before tax:
(a) Gains, losses and impairment
Loss on disposal of property, plant and equipment, intangibles and assets
held for resale
Impairment on property, plant and equipment, intangibles and assets held for resale
Reversal of impairment on investments in subsidiaries (refer Note 29)
2
4
-
7
7
-
1
2
(150)
5
1
-
(b) Rental and lease expenses
Aircraft
Buildings
126
48
130
47
240
41
219
39
Total rental and lease expenses 174 177 281 258
(c) Other costs
Audit and review of financial statements*
Net foreign exchange loss/(gain) on working capital balances
1
3
1
(4)
1
2
1
(5)
*Other fees were paid for tax compliance work of $19k (30 June 2013: $18k) and other services of $26k relating to business and
information technology processes and security controls (30 June 2013: $2k).
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 30 JUNE 2014