Airways Interim Report 2019

FINANCIAL STATEMENTS

I NTER IM BALANCE SHEET (all figures shown in tables are in $NZ thousands unless otherwise stated)

GROUP

Dec 2018 unaudited

Jun 2018 audited

Dec 2017 unaudited

FOR THE PERIOD ENDED 31 DECEMBER

NOTES

ASSETS CURRENT ASSETS Cash and cash equivalents

5,567

1,750

5,718

7

Trade and other receivables

27,890

25,618

27,646

Prepayments

2,834

2,150

2,548

Derivative financial instruments TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment

166

172

69

36,457

29,690

35,981

188,368

176,707

164,606

9

Assets held for sale

98

Intangibles

19,648

22,491

21,128

9

Inventory

1,628

1,581

1,429

Other non-current assets

84

84

84

Derivative financial instruments

2

55

2

TOTAL NON-CURRENT ASSETS

209,730 200,918

187,347

TOTAL ASSETS

246,187 230,608 223,328

LIABILITIES CURRENT LIABILITIES Trade and other payables

17,348

16,778

12,771

Employee entitlements

18,534

19,350

17,096

8

Current tax liability

2,424

4,312

2,326

Derivative financial instruments TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Loan facility - unsecured

372

519

185

38,678

40,959

32,378

48,000 40,000 40,000

Deferred tax liability

8,269

8,345

8,990

Employee entitlements

7,885

7,518

8,938

8

Derivative financial instruments

1,525

1,435

2,305

TOTAL NON-CURRENT LIABILITIES

65,679

57,298

60,233

TOTAL LIABILITIES

104,357

98,257

92,611

NET ASSETS EQUITY Share Capital

141,830 132,351

130,717

41,100

41,100

41,100

Reserves

(1,222)

(1,223)

(1,764)

Retained Earnings

101,952

92,474

91,381

TOTAL EQUITY

141,830 132,351

130,717

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

Airways Interim Report 2018 2019

06

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