Air New Zealand 2016 Annual Report Download - page 21

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Notes to the Financial Statements (continued)
As at 30 June 2016
19
AIR NEW ZEALAND GROUP
13. Investment in Other Entities (continued)
Summary financial information of associates
CEC
2016
$M
TOTAL
2016
$M
VIRGIN
AUSTRALIA
2015
$M
CEC
2015
$M
TOTAL
2015
$M
Assets and liabilities of associates* are as follows:
Current assets
Non-current assets
Current liabilities
Non-current liabilities
181
43
(44)
(24)
181
43
(44)
(24)
1,778
4,720
(2,598)
(2,880)
156
47
(51)
(25)
1,934
4,767
(2,649)
(2,905)
Net assets
Less non-controlling interest
156
-
156
-
1,020
63
127
-
1,147
63
Net identifiable assets 156 156 1,083 127 1,210
Group share of net identifiable assets
Goodwill
76
-
76
-
281
79
62
-
343
79
Carrying value of investment in associates 76 76 360 62 422
Investments at quoted market price N/A N/A 440 N/A N/A
VIRGIN
AUSTRALIA
9 MONTHS TO
MARCH 2016
$M
CEC
2016
$M
TOTAL
2016
$M
VIRGIN
AUSTRALIA
2015
$M
CEC
2015
$M
TOTAL
2015
$M
Results of associates*
Revenue
Earnings after taxation
Other comprehensive losses (net of taxation)
4,191
15
(104)
496
46
-
4,687
61
(104)
5,098
(93)
(199)
387
15
-
5,485
(78)
(199)
Total comprehensive income (89) 46 (43) (292) 15 (277)
Non-controlling interest 25 -25 18 -18
Group share of net earnings after taxation (3) 23 20 (29) 7 (22)
Group share of total comprehensive income (29) 23 (6) (79) 7(72)
*Inclusive of fair value adjustments identified at the date of obtaining significant influence, less amortisation.