Air New Zealand 2015 Annual Report Download - page 22

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AIR NEW ZEALAND GROUP
Notes to the Financial Statements (continued)
As at 30 June 2015
20
12. Investment in Other Entities (continued)
Summary financial information of associates
VIRGIN
AUSTRALIA
2015
$M
CEC
2015
$M
TOTAL
2015
$M
CEC
2014
$M
TOTAL
2014
$M
Assets and liabilities of associates* are as follows:
Current assets
Non-current assets
Current liabilities
Non-current liabilities
1,778
4,720
(2,598)
(2,880)
156
47
(51)
(25)
1,934
4,767
(2,649)
(2,905)
139
37
(62)
(20)
139
37
(62)
(20)
Net assets
Less non-controlling interest
1,020
63
127
-
1,147
63
94
-
94
-
Net identifiable assets 1,083 127 1,210 94 94
Group share of net identifiable assets
Goodwill
281
79
62
-
343
79
46
-
46
-
Carrying value of investment in associates 360 62 422 46 46
Investments at quoted market price 440 N/A N/A N/A N/A
Results of associates*
Revenue
Earnings after taxation
Other comprehensive losses (net of taxation)
5,098
(93)
(199)
387
15
-
5,485
(78)
(199)
360
23
-
360
23
-
Total comprehensive income (292) 15 (277) 23 23
Non-controlling interest 18 -18 - -
Group share of net earnings after taxation (29) 7(22) 11 11
Group share of total comprehensive income (79) 7(72) 11 11
*Inclusive of fair value adjustments identified at the date of obtaining significant influence, less amortisation.
13. Revenue in Advance
Transportation sales in advance includes consideration received in respect of passenger and cargo sales for which the actual
carriage has not yet been performed.
Loyalty programme revenue in advance includes revenues associated with both the award of Airpoints Dollars™ to Airpoints™
members as part of the initial sales transaction and with sales of Airpoints Dollars™ to third parties, net of estimated expiry
(non-redeemed Airpoints Dollars™), in respect of which the Airpoints™ member has not yet redeemed their points.
Other revenue in advance includes membership subscriptions and contract related services revenue which relate to future periods.
2015
$M
2014
$M
Current
Transportation sales in advance
Loyalty programme
Other
924
110
21
802
101
27
1,055 930
Non-current
Loyalty programme
Other
145
5
143
5
150 148