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AIR NEW ZEALAND GROUP
42
Historical Summary of Financial Performance
Five Year Statistical Review
For the year to 30 June
2015
$M
2014
$M
2013
$M
2012
$M
2011
$M
Passenger revenue
Cargo
Contract services
Other revenue
4 ,113
317
258
237
3,851
287
277
237
3,765
301
310
239
3,634
298
316
235
3,525
278
329
209
Operating Expenditure
Labour
Fuel
Maintenance
Aircraft operations
Passenger services
Sales and marketing
Foreign exchange gains/(losses)
Other expenses
4,925
(1,193)
(1,089)
(320)
(466)
(220)
(303)
79
(252)
4,652
(1,151)
(1,120)
(285)
(424)
(212)
(280)
45
(222)
4,615
(1,068)
(1,204)
(302)
(419)
(222)
(274)
7
(236)
4,483
(1,050)
(1,219)
(303)
(390)
(233)
(270)
(68)
(235)
4,341
(1,034)
(1,084)
( 311)
(381)
(242)
(274)
(118)
(234)
(3,764) (3,649) (3,718) (3,768) (3,678)
Operating Earnings (excluding items below)
Depreciation and amortisation
Rental and lease expenses
1,161
(402)
( 211)
1,003
(436)
(174)
897
(411)
(177)
715
(348)
(209)
663
(316)
(238)
Earnings Before Finance Costs, Associates and Taxation
Finance income
Finance costs
548
56
(108)
393
44
(90)
309
37
(91)
158
31
(95)
109
36
(72)
Earnings Before Associates and Taxation
Share of earnings of associates (net of taxation)
496
(22)
347
11
255
-
94
-
73
-
Earnings Before Taxation
Taxation (expense)/credit
474
(147)
358
(95)
255
(74)
94
(23)
73
8
Net Profit Attributable to Shareholders of Parent Company 327 263 181 71 81
Normalised Earnings Before Taxation* 496 332 255 91 75
Normalised Earnings After Taxation* 343 244 181 69 82
Certain comparatives within the five year statistical review have been reclassified for comparative purposes, to ensure consistency with the
current year. The Group adopted NZ IFRS 9 (2010) - Financial Instruments and NZ IFRS 9 (2013) - Hedge Accounting and amendments to
NZ IFRS 9, NZ IFRS 7 and NZ IAS 39 on 1 July 2014. Comparatives have been restated for the 2014 financial year only in respect of the
adopted standards and the amounts for the 2011 to 2013 financial years are as previously published.
*Normalised Earnings represents Earnings stated in compliance with NZ IFRS (Statutory Earnings) after excluding net gains and losses on
derivatives that hedge exposures in other financial periods. Normalised Earnings is a non-IFRS financial performance measure that matches
derivative gains or losses with the underlying hedged transaction, and represents the underlying performance of the business for the relevant period.