Statement of Recognised Income and Expense
for the year ended 30 June 2008
| Forecast | Actual | |||
|---|---|---|---|---|
|
Original Budget $m |
Estimated Actuals $m |
30 June 2008 $m |
30 June 2007 $m |
|
| - | 43 | Revaluation of physical assets | 5,896 | 4,791 |
| - | - | Share of associates revaluation of physical assets | 318 | 471 |
| 39 | (2) | Effective portion of changes in the fair value of cash flow hedges | 9 | (331) |
| 74 | (15) | Net change in fair value of cash flow hedges transferred to operating profit |
22 | (59) |
| - | (36) | Net change in fair value of cash flow hedges transferred to the hedged item |
(60) | (13) |
| - | 3 | Foreign currency translation differences for foreign operations | 17 | (65) |
| - | 7 | Valuation gain/(losses) on investments available for sale taken to reserves |
11 | 10 |
| - | - | Other movements | - | 11 |
| 113 | - | Total income/(expense) recognised directly in net worth | 6,213 | 4,815 |
| 6,431 | 2,559 | Operating Balance (including minority interest) | 2,451 | 8,010 |
| 6,544 | 2,559 | Total recognised income and expense | 8,664 | 12,825 |
| Attributable to: | ||||
| - | - | - minority interest in Air New Zealand | 83 | (80) |
| 6,544 | 2,559 | - the Crown | 8,581 | 12,905 |
| 6,544 | 2,559 | Total recognised income and expense | 8,664 | 12,825 |
This statement reports changes in net worth due to the operating balance, items of income or expense that are recognised directly in net worth and the effect of certain accounting changes.
The accompanying Notes and Accounting Policies are an integral part of these Statements.
