Airways Interim Report 2019

FINANCIAL STATEMENTS

STATEMENT OF COMPREHENS I VE I NCOME (all figures shown in tables are in $NZ thousands unless otherwise stated)

GROUP

Dec 2018 Unaudited

Dec 2017 Unaudited

FOR THE PERIOD ENDED 31 DECEMBER

NOTES

OPERATING ACTIVITIES REVENUE Air traffic management revenue

102,256

97,552

Net gain on sale of assets

1

4,185

3

Other revenue

12,095

9,856

TOTAL REVENUE

114,352

111,593

EXPENSES Employee remuneration

57,291

54,393

8

Employee related costs

3,969

3,732

Depreciation

9,832

8,943

Amortisation

2,233

2,522

Other operating costs

18,080

15,735

4

Rental expense on operating leases

3,906

2,801

Net finance expense

323

90 5

TOTAL EXPENSES

95,634

88,216 23,377

NET SURPLUS BEFORE TAXATION

18,718

Taxation expense

5,241

5,314

NET SURPLUS AFTER TAXATION ATTRIBUTABLE TO EQUITY SHAREHOLDERS OTHER COMPREHENSIVE INCOME That will be reclassified to profit or loss when conditions are met: Movement in cash flow hedge reserve

13,477

18,063

1

439

Deferred tax on other comprehensive income TOTAL OTHER COMPREHENSIVE INCOME

(123)

1

316

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO EQUITY SHAREHOLDERS

13,478

18,379

This statement is to be read in conjunction with the Notes to the Financial Statements on pages 08-10.

Airways Interim Report 2018 2019

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