Air New Zealand 2014 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 2014
4
NOTES
GROUP
2014
$M
GROUP
2013
$M
COMPANY
2014
$M
COMPANY
2013
$M
Issued Capital
Balance at the beginning of the year
Acquisition of treasury stock (share buyback)
Shares issued
Equity-settled share-based payments
2,277
-
1
4
2,282
(11)
1
5
2,285
-
1
4
2,290
(11)
1
5
Balance at the end of the year 24 2,282 2,277 2,290 2,285
Cash Flow Hedge Reserve
Balance at the beginning of the year
Changes in fair value of cash flow hedges
Transfers to net profit (“Fuel”)
Transfers to net profit (“Foreign exchange gains”)
Transfers to asset carrying value
Taxation on above reserve movements
123
(20)
(7)
(41)
(33)
29
86
85
(2)
(3)
(28)
(15)
119
(33)
(7)
(39)
(33)
32
81
82
(2)
2
(28)
(16)
Balance at the end of the year 20 51 123 39 119
Investment Revaluation Reserve
Balance at the beginning of the year
Changes in fair value of investment in quoted equity instruments 13
(47)
(18)
(41)
(6)
-
-
-
-
Balance at the end of the year (65) (47) - -
Foreign Currency Translation Reserve
Balance at the beginning of the year
Net translation loss on investment in foreign operations
Taxation on above reserve movements
(17)
(5)
(1)
(9)
(8)
-
-
-
-
-
-
-
Balance at the end of the year (23) (17) - -
Retained Deficit
Balance at the beginning of the year
Net profit for the year
Dividends on Ordinary Shares
Actuarial gains on defined benefit plans
Taxation on above reserve movements
22
28
(535)
262
(105)
8
(3)
(656)
181
(71)
13
(2)
(1,199)
532
(105)
8
(3)
(1,487)
348
(71)
13
(2)
Balance at the end of the year (373) (535) (767) (1,199)
Total Equity Attributable to Shareholders of the Parent Company 1,872 1,801 1,562 1,205
Non-controlling Interests
Balance at the beginning of the year
Disposed through business combinations
-
-
1
(1)
-
-
-
-
Total Equity Attributable to Non-controlling Interest - - - -
Total Equity at the End of the Year 1,872 1,801 1,562 1,205
Total Equity
Balance at the beginning of the year
Net profit for the year
Total other comprehensive income for the year, net of taxation
Transactions with owners:
Acquisition of treasury stock (share buyback)
Shares issued
Equity-settled share-based payments
Dividends on Ordinary Shares
Disposed through business combinations
24
24
24
22
1,801
262
(91)
-
1
4
(105)
-
1,663
181
34
(11)
1
5
(71)
(1)
1,205
532
(75)
-
1
4
(105)
-
884
348
49
(11)
1
5
(71)
-
Transactions with owners (100) (77) (100) (76)
Balance at the End of the Year 1,872 1,801 1,562 1,205
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR TO 30 JUNE 2014