Air New Zealand Limited (NZX:AIR) Annual Report 2021



The latest annual report of Air New Zealand Limited (AIR) was published on 30 Jun 2021. 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 - AIR Annual Results

Amounts in NZD

Total Revenue
2.51B
Gross Profit
685M
EBIT
-351M
Net Tangible Assets
926M
Net Income
-289M
Capital Expenditures
-231M

AIR Income Statement 2021 Annual Report

As per the latest Income Statement of AIR, the Net revenue decreased by $-2.321B (-48%) compared to the previous period. The operating income in 2021 decreased by $-275.00M (-362%). The net income as per the annual report was -289M which increased by $165.00M (36%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue2.51B4.83B
Gross Profit685M1.34B
Operating Income-351M-76M
Income Before Tax-411M-628M
Net Income-289M-454M

Balance Sheet - AIR 2021 Annual Report

Read further: AIR 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 $-86.00M (-66%). The Net tangible assets of AIR on the balance sheet were at 926M which is $-206.00M (-18%) less than previous annual report. The total stockholder equity also decreased by $-213.00M (-16%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash44M130M
Total Assets6.69B 7.54B
Long Term Debt1.02B1.3B
Total Liabilities5.59B 6.22B
Total Shareholder Equity1.1B1.32B
Net Tangible Assets926M1.13B

Cash Flow Statement - AIR 2021 Annual Report

The 2021 annual cash flow statement of Air New Zealand Limited showed that the net income increased by $165.00M (36%) compared to previous reporting period. Also the capital expenditure of AIR increased by $384.00M (62%).

As of 2021, the total cash from investing activities was -182M and total cash from financing activities was -313M.

Cash Flow Statement Report (2021/2020)

20212020
Net Income-289M-454M
Capital Expenditures-231M-615M
Dividends Paid--130M
Total Cash From From Investing Activities-182M-542M
Total Cash From From Financing Activities-313M-305M

Air New Zealand Limited Annual Report History

Income Statement

Income Statement history of Air New Zealand Limited (NZX:AIR)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Total Revenue2.51B4.83B5.79B5.5B
Cost Of Revenue1.83B3.49B4.26B3.79B
Gross Profit685M1.34B1.52B1.71B
Research Development----
Selling General Administrative80M261M350M344M
Non Recurring----
Other Operating Expenses240M316M290M278M
Total Operating Expenses2.87B4.91B5.46B4.94B
Operating Income-351M-76M328M559M
Total Other Income Expense Net-60M-552M54M-19M
Ebit-351M-76M328M559M
Interest Expense-87M-96M-70M-60M
Income Before Tax-411M-628M382M540M
Income Tax Expense-122M-174M106M150M
Minority Interest----
Net Income From Continuing Ops-289M-454M276M390M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-289M-454M276M390M
Net Income Applicable To Common Shares-289M-454M276M390M

Balance Sheet Statement

Balance Sheet Statement history of Air New Zealand Limited (NZX:AIR)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Cash44M130M132M61M
Short Term Investments222M308M923M1.28B
Net Receivables266M339M476M474M
Inventory92M106M81M75M
Other Current Assets142M81M68M209M
Total Current Assets826M1.01B1.8B2.25B
Long Term Investments138M162M149M118M
Property Plant Equipment5.12B5.69B5.13B5.04B
Intangible Assets179M186M186M170M
Other Assets434M493M349M270M
Total Assets6.69B7.54B7.62B7.85B
Accounts Payable524M322M585M562M
Short Long Term Debt524M160M146M165M
Other Current Liab767M1.08B1.54B1.44B
Long Term Debt1.02B1.3B1.36B1.45B
Other Liab835M935M673M671M
Total Current Liabilities2.35B2.1B2.67B2.7B
Total Liab5.59B6.22B5.63B5.67B
Common Stock2.2B2.2B2.21B2.22B
Retained Earnings-1.04B-757M-184M-103M
Treasury Stock-50M-122M-30M63M
Other Stockholder Equity-50M-122M-30M63M
Total Stockholder Equity1.1B1.32B1.99B2.18B
Net Tangible Assets926M1.13B1.81B2.01B

Cash Flow Statement

Cash Flow Statement history of Air New Zealand Limited (NZX:AIR)

30 Jun 202130 Jun 202030 Jun 201930 Jun 2018
Net Income-289M-454M276M390M
Depreciation667M794M511M486M
Change To Netincome-71M333M-20M-3M
Change To Liabilities-127M-253M65M146M
Change To Operating Activities94M-237M111M-27M
Total Cash From Operating Activities323M230M986M1.03B
Capital Expenditures-231M-615M-821M-809M
Investments39M-36M-75M-2M
Total Cashflows From Investing Activities-182M-542M-883M-778M
Net Borrowings-129M-234M-175M18M
Other Cashflows From Financing Activities-184M59M44M-37M
Total Cash From Financing Activities-313M-305M-391M-279M
Change In Cash-172M-617M-288M-26M
Dividends Paid--130M-260M-260M