Air New Zealand 2009 Annual Report Download - page 39

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20. DEFERRED TAXATION
Deferred tax assets and liabilities are attributable to the following:
NON-AIRCRAFT
ASSETS
$M
AIRCRAFT
RELATED
$M
FOREIGN
CURRENCY
DEBT
$M
PROVISIONS
AND
ACCRUALS
$M
DERIVATIVE
FINANCIAL
INSTRUMENTS
$M
TAX RATE
CHANGE*
$M
TOTAL
$M
GROUP
As at 1 July 2007 17 320 65 (153) (42) (26) 181
Amounts recognised in equity - - - - 29 (1) 28
Amounts recognised in earnings (10) 31 (10) 73 9 (3) 90
As at 30 June 2008 7 351 55 (80) (4) (30) 299
Amounts recognised in equity - - - - (15) - (15)
Amounts recognised in earnings (4) (42) (55) 7 9 30 (55)
Amounts recognised on acquisition of subsidiaries 4 - - - - - 4
As at 30 June 2009 7 309 - (73) (10) - 233
COMPANY
As at 1 July 2007 18 210 - (156) (42) (6) 24
Amounts recognised in equity - - - - 27 (1) 26
Amounts recognised in earnings (12) 19 - 75 11 (7) 86
As at 30 June 2008 6 229 - (81) (4) (14) 136
Amounts recognised in equity - - - - (15) - (15)
Amounts recognised in earnings (3) (35) - 8 9 14 (7)
As at 30 June 2009 3 194 - (73) (10) - 114
* The tax rate change opening balance has been allocated to each category based on their closing balance at 30 June 2008.
Deferred tax assets and liabilities are offset on the face of the Statement of Financial Position where they relate to entities within the same taxation
authority.
The amount recognised on acquisition of subsidiary represents the initial recognition of deferred tax assets and liabilities upon acquisition of
TAE Aviation Pty Limited and Masling Industries Limited.
21. ISSUED CAPITAL
GROUP
2009
$M
GROUP
2008
$M
COMPANY
2009
$M
COMPANY
2008
$M
Issued and Fully Paid in Capital
Ordinary Shares
Balance at the beginning of the year 2,227 2,215 2,235 2,223
Shares issued 7 10 7 10
Equity-settled share-based payments 3232
Balance at the end of the year 2,237 2,227 2,245 2,235
Represented by:
Paid in capital 2,230 2,223 2,238 2,231
Equity-settled share-based payments 7474
2,237 2,227 2,245 2,235
GROUP
2009
GROUP
2008
COMPANY
2009
COMPANY
2008
Number of Ordinary shares on issue
Balance at the beginning of the year 1,057,224,822 1,051,682,560 1,057,224,822 1,051,682,560
Mandatory shares issued under Long Term Incentive Plan 376,671 487,040 376,671 487,040
Dividend reinvestment plan 7,641,188 5,055,222 7,641,188 5,055,222
Balance at the end of the year 1,065,242,681 1,057,224,822 1,065,242,681 1,057,224,822
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2009
37