Airways Corporation of New Zealand Limited Annual Report 2018 2019
Statement of profit or loss and other comprehensive income
Group
2019 ($000’s)
2018 ($000’s)
CHAIR AND CEO’S REVIEW
For the year ended 30 June
Notes
Operating activities REVENUE Air traffic management revenue
INVESTING IN THE FUTURE
200,841
193,109
A3.1
Other revenue
28,413
21,367
A3.1
INTEGRATING DRONES INTO OUR AIRSPACE
Total revenue
229,254 214,476
OTHER INCOME Gain on sale of surplus land
–
4,263
A8
Total other income
–
4,263
AIRWAYS INTERNATIONAL
Total income
229,254 218,739
EXPENSES Employee remuneration
115,264
109,258
A3.3
SUSTAINABILITY
Employee related costs
9,430
9,503
Depreciation
18,439
17,703
A8
AIRWAYS BOARD OF DIRECTORS
Amortisation
5,654
4,929
A8
Other operating costs
39,753
35,276
A3.2
Rental expense on operating leases
7,531
5,980
Net finance expense
495
58
FINANCIALS
Total expenses
196,566 182,707
Net surplus before taxation
32,688
36,032
FINANCIAL PERFORMANCE
Taxation expense
9,112
8,876
A4
Net surplus after taxation attributable to equity shareholders Other comprehensive income That may be reclassified to profit or loss when conditions are met: Movement in cash flow hedge reserve
PERFORMANCE AND PROGRESS AGAINST SCI METRICS
23,576
27,156
FINANCIAL STATEMENTS
(124)
1,190
Deferred tax on other comprehensive income
35
(333)
A4
EVA KEY PERFORMANCE INDICATORS
Total other comprehensive income
(89)
857
Total comprehensive income for the year attributable to equity shareholders 28,013 This statement is to be read in conjunction with the Notes to the Financial Statements on pages 36 to 58. 23,487
ADDITIONAL FINANCIAL INFORMATION
GOVERNANCE AT AIRWAYS
31
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