Air New Zealand 2014 Annual Report Download - page 7

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The accompanying accounting policies and notes form part of these financial statements.
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2014 5
NOTES
GROUP
2014
$M
GROUP
2013
$M
COMPANY
2014
$M
COMPANY
2013
$M
Current Assets
Bank and short term deposits
Trade and other receivables
Inventories
Derivative financial assets
Income taxation
Assets held for resale
Other assets
6
7
8
20
9
10
1,234
349
169
30
-
4
41
1,150
350
155
98
-
7
83
1,231
305
140
30
-
3
56
1,146
302
125
98
2
4
75
Total Current Assets 1,827 1,843 1,765 1,752
Non-Current Assets
Trade and other receivables
Property, plant and equipment
Intangible assets
Investment in quoted equity instruments
Investments in other entities
Assets held for resale
Other assets
7
11
12
13
14
9
10
55
2,994
79
422
48
2
423
49
2,933
69
261
47
-
394
20
1,609
76
-
516
2
890
12
1,782
62
-
368
-
731
Total Non-Current Assets 4,023 3,753 3 ,113 2,955
Total Assets 5,850 5,596 4,878 4,707
Current Liabilities
Bank overdraft and short term borrowings
Trade and other payables
Revenue in advance
Interest-bearing liabilities
Derivative financial liabilities
Provisions
Income taxation
Other liabilities
6
15
16
20
17
21
-
398
930
190
57
31
52
214
-
382
918
159
13
15
27
200
-
366
918
86
57
24
18
555
1
347
910
87
8
11
-
665
Total Current Liabilities 1,872 1,714 2,024 2,029
Non-Current Liabilities
Revenue in advance
Interest-bearing liabilities
Derivative financial liabilities
Provisions
Other liabilities
Deferred taxation
15
16
20
17
21
23
148
1,543
1
165
20
229
140
1,470
-
145
21
305
148
781
1
164
72
126
140
921
-
144
73
195
Total Non-Current Liabilities 2,106 2,081 1,292 1,473
Total Liabilities 3,978 3,795 3,316 3,502
Net Assets 1,872 1,801 1,562 1,205
Equity
Issued capital
Reserves
24 2,282
(410)
2,277
(476)
2,290
(728)
2,285
(1,080)
Total Equity 1,872 1,801 1,562 1,205
Tony Carter Jan Dawson
CHAIRMAN DEPUTY CHAIRMAN
For and on behalf of the Board, 27 August 2014
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2014