Airways Corporation of New Zealand Limited Annual Report 2018 2019
NOTES TO THE FINANCIAL STATEMENTS
SECTION A How the numbers are calculated CONTINUED
A3.1(A) DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS: Revenue derived from the transfer of goods and services, both overtime and at a point in time, for each revenue type for the year is presented below. 30 June 2019
CHAIR AND CEO’S REVIEW
Data Services
Con sulting
Pub lications
ATM
Software Training
Other
INVESTING IN THE FUTURE
Point in time
200,841
2,325
370
1,667
7
457
1,201
Overtime
–
10,945
3,173
1,429
6,513
326
–
INTEGRATING DRONES INTO OUR AIRSPACE
Total
200,841
13,270 3,543
3,096
6,520
783
1,201
30 June 2018
Total
193,109
7,641
3,182
1,137
6,970
742
1,695
AIRWAYS INTERNATIONAL
A3.1(B) ASSETS & LIABILITIES RELATED TO CONTRACTS WITH CUSTOMERS The Group has recognised the following assets and liabilities relating to all contract types with customers:
2019 ($000’s)
2018 ($000’s)
SUSTAINABILITY
CONTRACT ASSETS
Current contract assets
2,623
1,311
Provision for loss
-
-
AIRWAYS BOARD OF DIRECTORS
Total current contract asset
2,623
1,311
Capitalised contract fulfilment costs (current)
127
–
Capitalised contract fulfilment costs (non-current)
–
–
FINANCIALS
Total contract assets
2,750
1,311
Once invoiced, ordinary payment terms are 20th of the following month.
FINANCIAL PERFORMANCE
2019 ($000’s)
2018 ($000’s)
CONTRACT LIABILITIES Current contract liabilities
PERFORMANCE AND PROGRESS AGAINST SCI METRICS
1,560
725
Non-current contract liabilities
6
–
Total contract liabilities 725 All contract liabilities recognised as at 30 June 2018 have been subsequently recognised as revenue in the current year. 1,566
FINANCIAL STATEMENTS
RISK GROUP STRUCTURE UNRECOGNISED ITEMS OTHER INFORMATION NOTE STRUCTURE HOW THE NUMBERS ARE CALCULATED
AUDIT REPORT
EVA KEY PERFORMANCE INDICATORS
ADDITIONAL FINANCIAL INFORMATION
GOVERNANCE AT AIRWAYS
39
Made with FlippingBook - Online Brochure Maker