Air New Zealand Limited (ASX:AIZ) Annual Report 2020



The latest annual report of Air New Zealand Limited (AIZ) was published on 30 Jun 2020. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - AIZ Annual Results

Amounts in NZD

Total Revenue
4.84B
Gross Profit
1.34B
EBIT
-75M
Net Tangible Assets
1.13B
Net Income
-454M
Capital Expenditures
-615M

AIZ Income Statement 2020 Annual Report

As per the latest Income Statement of AIZ, the Net revenue decreased by $-949.00M (-16%) compared to the previous period. The operating income in 2020 decreased by $-403.00M (-123%). The net income as per the annual report was -454M which decreased by $-730.00M (-264%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue4.84B5.79B
Gross Profit1.34B1.52B
Operating Income-75M328M
Income Before Tax-628M382M
Net Income-454M276M

Balance Sheet - AIZ 2020 Annual Report

Read further: AIZ Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Air New Zealand Limited showed the company reduced the cash on balance sheet by $-2.00M (-2%). The Net tangible assets of AIZ on the balance sheet were at 1.13B which is $-674.00M (-37%) less than previous annual report. The total stockholder equity also decreased by $-674.00M (-34%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash130M132M
Total Assets7.54B 7.62B
Long Term Debt1.3B1.36B
Total Liabilities6.22B 5.63B
Total Shareholder Equity1.32B1.99B
Net Tangible Assets1.13B1.81B

Cash Flow Statement - AIZ 2020 Annual Report

The 2020 annual cash flow statement of Air New Zealand Limited showed that the net income decreased by $-730.00M (-264%) compared to previous reporting period. Also the capital expenditure of AIZ increased by $206.00M (25%).

As of 2020, the total cash from investing activities was -542M and total cash from financing activities was -305M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-454M276M
Capital Expenditures-615M-821M
Dividends Paid-130M-260M
Total Cash From From Investing Activities-542M-883M
Total Cash From From Financing Activities-305M-391M

Air New Zealand Limited Annual Report History

Income Statement

Income Statement history of Air New Zealand Limited (ASX:AIZ)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Total Revenue4.84B5.79B5.5B5.11B
Cost Of Revenue3.49B4.26B3.79B3.46B
Gross Profit1.34B1.52B1.71B1.65B
Research Development----
Selling General Administrative261M350M344M352M
Non Recurring----
Other Operating Expenses316M290M278M258M
Total Operating Expenses4.91B5.46B4.94B4.56B
Operating Income-75M328M559M545M
Total Other Income Expense Net-553M54M-19M-18M
Ebit-75M328M559M545M
Interest Expense-96M-70M-60M-64M
Income Before Tax-628M382M540M527M
Income Tax Expense-174M106M150M145M
Minority Interest----
Net Income From Continuing Ops-454M276M390M382M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-454M276M390M382M
Net Income Applicable To Common Shares-454M276M390M382M

Balance Sheet Statement

Balance Sheet Statement history of Air New Zealand Limited (ASX:AIZ)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Cash130M132M61M33M
Short Term Investments308M923M1.28B1.34B
Net Receivables339M476M474M306M
Inventory106M81M75M86M
Other Current Assets81M68M209M35M
Total Current Assets1.01B1.8B2.25B1.89B
Long Term Investments162M149M118M95M
Property Plant Equipment5.69B5.13B5.04B4.75B
Intangible Assets186M186M170M149M
Other Assets493M349M270M295M
Total Assets7.54B7.62B7.85B7.17B
Accounts Payable322M585M562M462M
Short Long Term Debt160M146M165M132M
Other Current Liab1.08B1.54B1.44B1.37B
Long Term Debt1.3B1.36B1.45B1.16B
Other Liab935M673M671M583M
Total Current Liabilities2.1B2.67B2.7B2.4B
Total Liab6.22B5.63B5.67B5.18B
Common Stock2.2B2.21B2.22B2.23B
Retained Earnings-757M-184M-103M-245M
Treasury Stock-122M-30M63M3M
Other Stockholder Equity-122M-30M63M3M
Total Stockholder Equity1.32B1.99B2.18B1.99B
Net Tangible Assets1.13B1.81B2.01B1.84B

Cash Flow Statement

Cash Flow Statement history of Air New Zealand Limited (ASX:AIZ)

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income-454M276M390M382M
Depreciation794M511M486M461M
Change To Netincome333M-20M-3M-42M
Change To Liabilities-253M65M146M89M
Change To Operating Activities-237M111M-27M-18M
Total Cash From Operating Activities230M986M1.03B904M
Capital Expenditures-615M-821M-809M-853M
Investments-36M-75M-2M177M
Other Cashflows From Investing Activities42M42M42M42M
Total Cashflows From Investing Activities-542M-883M-778M-616M
Dividends Paid-130M-260M-260M-236M
Net Borrowings-234M-175M18M27M
Other Cashflows From Financing Activities59M44M-37M-10M
Total Cash From Financing Activities-305M-391M-279M-513M
Change In Cash-617M-288M-26M-225M