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AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2012
34
17. FINANCIAL RISK MANAGEMENT (CONTINUED)
COMPANY
AS AT 30 JUNE 2012
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Bank overdraft and short-term borrowings 6 6 6 - - -
Trade and other payables 332 332 332 - - -
Unsecured bonds 150 197 10 10 177 -
Finance lease obligations 972 1,099 106 108 336 549
Amounts owing to subsidiaries 803 803 706 - - 97
Amounts owing to associates 6 6 6 - - -
Total non-derivative liabilities 2,269 2,443 1,166 118 513 646
COMPANY
AS AT 30 JUNE 2011
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Bank overdraft and short-term borrowings 1 1 1 - - -
Trade and other payables 331 331 331 - - -
Finance lease obligations 608 679 67 67 214 331
Amounts owing to subsidiaries 972 972 889 - - 83
Amounts owing to associates 2 2 2 - - -
Total non-derivative liabilities 1,914 1,985 1,290 67 214 414
The following tables set out the contractual, undiscounted cash flows for derivative financial instruments:
GROUP
AS AT 30 JUNE 2012
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Foreign exchange derivatives:
- Inflow 2,083 2,009 74 - -
- Outflow (2,064) (1,995) (69) - -
20 19 14 5 - -
Fuel derivatives 3 - - - - -
Equity derivatives 4 - - - - -
27 19 14 5 - -
GROUP
AS AT 30 JUNE 2011
STATEMENT
OF FINANCIAL
POSITION
$M
CONTRACTUAL
CASH FLOWS
$M
< 1 YEAR
$M
1-2 YEARS
$M
2-5 YEARS
$M
5+ YEARS
$M
Foreign exchange derivatives:
- Inflow 2,409 2,225 184 - -
- Outflow (2,468) (2,276) (192) - -
(165) (59) (51) (8) - -
Fuel derivatives 6 10 10 - - -
(159) (49) (41) (8) - -
Notes to the Financial Statements (Continued)
As at 30 June 2012