Air New Zealand Limited (NZX:AIR) Annual Report 2022



The latest annual report of Air New Zealand Limited (AIR) was published on 30 Jun 2022. 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
2.73B
Gross Profit
410M
EBIT
-670M
Net Tangible Assets
1.53B
Net Income
-591M
Capital Expenditures
-327M

AIR Income Statement 2022 Annual Report

As per the latest Income Statement of AIR, the Net revenue increased by $219.00M (9%) compared to the previous period. The operating income in 2022 decreased by $-315.00M (-89%). The net income as per the annual report was -591M which decreased by $-299.00M (-102%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 2.73B 2.51B
Gross Profit 410M 685M
Operating Income -670M -355M
Income Before Tax -810M -415M
Net Income -591M -292M

Balance Sheet - AIR 2022 Annual Report

Read further: AIR Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Air New Zealand Limited showed the company increased the cash on balance sheet by $29.00M (66%). The Net tangible assets of AIR on the balance sheet were at 1.53B which is $601.00M (65%) more than previous annual report. The total stockholder equity also increased by $579.00M (53%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 73M 44M
Total Assets 8.35B 6.68B
Long Term Debt 1.59B 1.02B
Total Liabilities 6.67B 5.59B
Total Shareholder Equity 1.68B 1.1B
Net Tangible Assets 1.53B 929M

Cash Flow Statement - AIR 2022 Annual Report

The 2022 annual cash flow statement of Air New Zealand Limited showed that the net income decreased by $-299.00M (-102%) compared to previous reporting period. Also the capital expenditure of AIR decreased by $-101.00M (-45%).

As of 2022, the total cash from investing activities was -331M and total cash from financing activities was 1.31B.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income -591M -292M
Capital Expenditures -327M -226M
Dividends Paid - -
Total Cash From From Investing Activities -331M -177M
Total Cash From From Financing Activities 1.31B -313M

Air New Zealand Limited Annual Report History

Income Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Total Revenue 2.73B 2.51B 4.83B 5.79B
Cost Of Revenue 2.32B 1.83B 3.49B 4.26B
Gross Profit 410M 685M 1.34B 1.52B
Research Development - - - -
Selling General Administrative 138M 80M 261M 350M
Non Recurring - - - -
Other Operating Expenses 274M 245M 316M 290M
Total Operating Expenses 3.4B 2.87B 4.91B 5.46B
Operating Income -670M -355M -76M 328M
Total Other Income Expense Net -140M -60M -552M 54M
Ebit -670M -355M -76M 328M
Interest Expense -85M -87M -96M -70M
Income Before Tax -810M -415M -628M 382M
Income Tax Expense -219M -123M -174M 106M
Minority Interest - - - -
Net Income From Continuing Ops -591M -292M -454M 276M
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income -591M -292M -454M 276M
Net Income Applicable To Common Shares -591M -292M -454M 276M

Balance Sheet Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Cash 73M 44M 130M 132M
Short Term Investments 1.72B 222M 308M 923M
Net Receivables 374M 279M 339M 476M
Inventory 98M 92M 106M 81M
Other Current Assets 182M 129M 81M 68M
Total Current Assets 2.5B 826M 1.01B 1.8B
Long Term Investments 164M 138M 162M 149M
Property Plant Equipment 4.81B 5.12B 5.69B 5.13B
Intangible Assets 147M 169M 186M 186M
Other Assets 735M 434M 493M 349M
Deferred Long Term Asset Charges 164M - - -
Total Assets 8.35B 6.68B 7.54B 7.62B
Accounts Payable 497M 524M 322M 585M
Short Long Term Debt 248M 524M 160M 146M
Other Current Liab 1.88B 767M 1.08B 1.54B
Long Term Debt 1.59B 1.02B 1.3B 1.36B
Other Liab 724M 832M 935M 673M
Total Current Liabilities 3.17B 2.35B 2.1B 2.67B
Total Liab 6.67B 5.59B 6.22B 5.63B
Common Stock 3.35B 2.2B 2.2B 2.21B
Retained Earnings -1.64B -1.05B -757M -184M
Treasury Stock -28M -50M -122M -30M
Other Stockholder Equity -28M -50M -122M -30M
Total Stockholder Equity 1.68B 1.1B 1.32B 1.99B
Net Tangible Assets 1.53B 929M 1.13B 1.81B

Cash Flow Statement

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income -591M -292M -454M 276M
Depreciation 621M 667M 794M 511M
Change To Netincome 81M -71M 333M -20M
Change To Liabilities 662M -127M -253M 65M
Change To Operating Activities -270M 93M -237M 111M
Total Cash From Operating Activities 550M 318M 230M 986M
Capital Expenditures -327M -226M -615M -821M
Investments -18M 39M -36M -75M
Total Cashflows From Investing Activities -331M -177M -542M -883M
Net Borrowings -80M -129M -234M -175M
Other Cashflows From Financing Activities 32M -184M 59M 44M
Total Cash From Financing Activities 1.31B -313M -305M -391M
Change In Cash 1.53B -172M -617M -288M
Repurchase Of Stock -400M -400M -400M -400M
Issuance Of Stock 1.76B 1.76B 1.76B 1.76B
Dividends Paid - - -130M -260M