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AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2014 1
*This document, in conjunction with the Air New Zealand Annual Shareholder Review 2014,
constitutes the 2014 Annual Report to shareholders of Air New Zealand Limited.
DIRECTORS’ STATEMENT
The directors of Air New Zealand Limited are pleased to present to shareholders the Annual Report* and financial statements for
Air New Zealand and its controlled entities (together the “Group”) for the year to 30 June 2014.
The directors are responsible for presenting financial statements in accordance with New Zealand law and generally accepted
accounting practice, which give a true and fair view of the financial position of the Group as at 30 June 2014 and the results of the
Group’s operations and cash flows for the year ended on that date.
The directors consider the financial statements of the Group have been prepared using accounting policies which have been
consistently applied and supported by reasonable judgements and estimates and that all relevant financial reporting and accounting
standards have been followed.
The directors believe that proper accounting records have been kept which enable with reasonable accuracy, the determination of the
financial position of the Group and facilitate compliance of the financial statements with the Financial Reporting Act 1993.
The directors consider that they have taken adequate steps to safeguard the assets of the Group, and to prevent and detect fraud and
other irregularities. Internal control procedures are also considered to be sufficient to provide a reasonable assurance as to the integrity
and reliability of the financial statements.
This Annual Report is signed on behalf of the Board by:
Tony Carter Jan Dawson
CHAIRMAN DEPUTY CHAIRMAN
27 August 2014
FINANCIAL STATEMENTS
Statement of Financial Performance 2
Statement of Comprehensive Income 3
Statement of Changes in Equity 4
Statement of Financial Position 5
Statement of Cash Flows 6
Statement of Accounting Policies 7
Notes to the Financial Statements 16
Independent Auditor’s Report 51
Five Year Statistical Review 53
GENERAL INFORMATION
Corporate Governance at Air New Zealand 57
Directors’ Profiles 60
Directors’ Interests 62
Indemnities and Insurance 63
Directors’ Remuneration 64
Directors’ Interests in Air New Zealand Securities 65
Subsidiary and Joint Venture Companies 66
Employee Remuneration 68
Shareholder Statistics 71
Fleet Statistics 73
General Information 74
Shareholder Directory 76