Air New Zealand 2016 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2016 Air New Zealand annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

The accompanying accounting policies and notes form part of these financial statements. 3
AIR NEW ZEALAND GROUP
Statement of Comprehensive Income
For the year to 30 June 2016
NOTE
2016
$M
2015
$M
Net Profit for the Year
Other Comprehensive Income:
Items that will not be reclassified to profit or loss:
Changes in fair value of investment in quoted equity instruments
Actuarial (losses)/gains on defined benefit plans
Taxation on above reserve movements 4
463
-
(11)
3
327
(5)
3
-
Total items that will not be reclassified to profit or loss
Items that may be reclassified subsequently to profit or loss:
Changes in fair value of cash flow hedges
Transfers to net profit from cash flow hedge reserve
Transfers to asset carrying value from cash flow hedge reserve
Net translation (loss)/gain on investment in foreign operations
Transfer of translation loss on investment to net profit upon disposal of subsidiaries
Changes in cost of hedging reserve
Taxation on above reserve movements
Share of equity accounted associates’ reserves (net of taxation)
Cessation of equity accounting
(8)
(52)
(62)
-
(13)
-
(4)
33
(26)
70
(2)
23
41
(26)
19
5
(2)
(5)
(50)
-
Total items that may be reclassified subsequently to profit or loss (54) 5
Total Other Comprehensive Income for the Year, Net of Taxation (62) 3
Total Comprehensive Income for the Year, Attributable to Shareholders of the Parent Company 401 330