Air New Zealand 2014 Annual Report Download - page 29

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AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2014 27
18. FINANCIAL RISK MANAGEMENT (CONTINUED)
GROUP
AS AT 30 JUNE 2014
ALL EXPRESSED IN NZ$M
NZD USD AUD EUR JPY GBP OTHER TOTAL
Foreign currency risk
Non-derivative financial instruments
Interest-bearing assets
Investment in quoted equity instruments
Interest-bearing liabilities
90
-
( 611)
-
-
(905)
35
422
-
-
-
-
-
-
(217)
-
-
-
-
-
-
125
422
(1,733)
Net financial position exposure before hedging activities
Foreign currency derivatives
Notional principal
Cash flow hedges
Non-hedge accounted
(521)
(500)
(561)
(905)
1,009
585
457
(260)
(42)
-
(61)
1
(217)
(49)
2
-
(95)
(1)
-
(83)
2
(1,186)
(39)
(14)
(1,582) 689 155 (60) (264) (96) (81) (1,239)
Cash flows in respect of foreign currency cash flow
hedges are expected to occur as follows:
Not later than 1 year
Later than 1 year and not later than 2 years
(480)
(20)
984
25
(260)
-
(59)
(2)
(49)
-
(91)
(4)
(83)
-
(38)
(1)
(500) 1,009 (260) (61) (49) (95) (83) (39)
GROUP
AS AT 30 JUNE 2013
ALL EXPRESSED IN NZ$M
NZD USD AUD EUR JPY GBP OTHER TOTAL
Foreign currency risk
Non-derivative financial instruments
Non interest-bearing assets
Interest-bearing assets
Investment in quoted equity instruments
Interest-bearing liabilities
-
145
-
(682)
-
-
-
(740)
44
39
261
-
-
-
-
-
-
-
-
(207)
-
-
-
-
-
-
-
-
44
184
261
(1,629)
Net financial position exposure before hedging activities
Foreign currency derivatives
Notional principal
Cash flow hedges
Non-hedge accounted
(537)
(533)
(652)
(740)
1,103
762
344
(241)
(81)
-
(48)
4
(207)
(57)
(4)
-
(78)
4
-
(88)
1
(1,140)
58
34
(1,722) 1,125 22 (44) (268) (74) (87) (1,048)
Cash flows in respect of foreign currency cash flow
hedges are expected to occur as follows:
Not later than 1 year (533) 1,103 (241) (48) (57) (78) (88) 58
(533) 1,103 (241) (48) (57) (78) (88) 58
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2014