Air New Zealand 2012 Annual Report Download - page 4

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The accompanying accounting policies and notes form part of these financial statements.
AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2012
2
NOTES
GROUP
2012
$M
GROUP
2 011
$M
COMPANY
2012
$M
COMPANY
2 011
$M
Operating Revenue
Passenger revenue 3,634 3,525 3,069 2,986
Cargo 298 278 293 273
Contract services 316 329 233 248
Other revenue 235 209 432 442
14,483 4, 341 4,027 3,949
Operating Expenditure
Labour (1,050) (1,034) (898) (881)
Fuel (1,219) (1,084) (1,120) (993)
Maintenance (303) ( 311) (230) (252)
Aircraft operations (390) (381) (309) (305)
Passenger services (233) (242) (223) (232)
Sales and marketing (270) (274) (252) (256)
Foreign exchange losses 2 (68) (118) (70) (104)
Other expenses (235) (234) (84) (216)
(3,768) (3,678) (3,186) (3,239)
Earnings Before Finance Costs, Depreciation,
Amortisation, Rental Expenses and Taxation 715 663 841 710
Depreciation and amortisation (348) (316) (231) (189)
Rental and lease expenses 2 (209) (238) (289) (321)
Earnings Before Finance Costs and Taxation 158 109 321 200
Finance income 31 36 36 44
Finance costs (95) (72) (89) (65)
Profit Before Taxation 2 94 73 268 179
Taxation (expense)/credit 3(23) 8 19 44
Net Profit Attributable to Shareholders of Parent Company 71 81 287 223
Per Share Information:
Basic and diluted earnings per share (cents) 4 6.5 7.5
Interim and final dividend declared per share (cents) 20 5.5 5.5
Net tangible assets per share (cents) 148 133
NOTE
GROUP
2012
$M
GROUP
2 011
$M
Supplementary Information
Earnings before Taxation (per NZ IFRS above) 94 73
Reverse net (gains)/losses on derivatives that hedge exposures
in other financial periods:
Fuel derivatives (11) 7
Foreign exchange derivatives 8 (5)
Normalised Earnings before Taxation 2 91 75
Normalised Earnings after Taxation 69 82
Per Share Information:
Basic normalised earnings per share (cents) 6.3 7.6
Normalised Earnings represents Earnings stated in compliance with NZ IFRS after excluding net gains and losses on derivatives
that hedge exposures in other financial periods. The adjustments align the timing of recognition of derivative gains or losses with the
underlying hedged transaction.
Statement of Financial Performance
For the year to 30 June 2012