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AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 201438
23. DEFERRED TAXATION
Deferred tax assets and liabilities are attributable to the following:
NON-
AIRCRAFT
ASSETS
$M
AIRCRAFT
RELATED
$M
PROVISIONS
AND
ACCRUALS
$M
DERIVATIVE
FINANCIAL
INSTRUMENTS
$M
PENSION
OBLIGATIONS
$M
UNUSED
TAX
LOSSES
$M
TOTAL
$M
GROUP
As at 1 July 2012
Amounts recognised in equity
Reclassified to Income Taxation
Amounts recognised in earnings
25
-
-
(2)
346
-
-
(12)
(72)
-
-
(5)
11
19
-
-
(7)
2
-
-
(13)
-
13
-
290
21
13
(19)
As at 30 June 2013
Amounts recognised in equity
Amounts recognised in earnings
23
-
(8)
334
-
(32)
(77)
-
(21)
30
(18)
-
(5)
3
-
-
-
-
305
(15)
(61)
As at 30 June 2014 15 302 (98) 12 (2) -229
COMPANY
As at 1 July 2012
Amounts recognised in equity
Reclassified to Income Taxation
Amounts recognised in earnings
21
-
-
-
244
-
-
(21)
(71)
-
-
(2)
9
20
-
-
(7)
2
-
-
(13)
-
13
-
183
22
13
(23)
As at 30 June 2013
Amounts recognised in equity
Amounts recognised in earnings
21
-
(7)
223
-
(24)
(73)
-
(20)
29
(21)
-
(5)
3
-
-
-
-
195
(18)
(51)
As at 30 June 2014 14 199 (93) 8(2) -126
Deferred tax assets and liabilities are offset on the face of the Statement of Financial Position where they relate to entities within the same
taxation authority.
Unused tax losses of nil (30 June 2013: Nil) are available to carry forward against future taxable profits. In the 2013 financial year,
tax losses from the prior year were reclassified to “Income Taxation” to reflect that they were be fully utilised.
24. ISSUED CAPITAL
GROUP
2014
$M
GROUP
2013
$M
COMPANY
2014
$M
COMPANY
2013
$M
Authorised, Issued and Fully Paid in Capital
Ordinary Shares
Balance at the beginning of the year
Shares issued
Acquisition of treasury stock (share buyback)
Equity-settled share-based payments
2,277
1
-
4
2,282
1
(11)
5
2,285
1
-
4
2,290
1
(11)
5
Balance at the end of the year 2,282 2,277 2,290 2,285
Represented by:
Paid in capital
Treasury stock
Equity-settled share-based payments
2,273
(3)
12
2,273
(11)
15
2,281
(3)
12
2,281
(11)
15
2,282 2,277 2,290 2,285
GROUP
2014
$M
GROUP
2013
$M
COMPANY
2014
$M
COMPANY
2013
$M
Number of Ordinary Shares on issue
Balance at the beginning of the year
Mandatory shares issued under Long Term Incentive Plan
Exercise of Long Term Incentive Plan options
1,103,924,560
877,055
9,622,668
1,099,707,174
370,732
3,846,654
1,103,924,560
877,055
9,622,668
1,099,707,174
370,732
3,846,654
Balance at the end of the year 1,114,424,283 1,103,924,560 1,114,424,283 1,103,924,560
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2014