Question: Answer the questions based on these two annual reports. (Auckland Airport )https://corporate.aucklandairport.co.nz/investors/results-and-reports(2018 Financial Statements) (Air New Zealand) https://p-airnz.com/cms/assets/PDFs/Air-NZ-2018-Financial-Results.pdf 1. Is the entity a parent? 2.

Answer the questions based on these two annual reports.

(Auckland Airport )https://corporate.aucklandairport.co.nz/investors/results-and-reports(2018 Financial Statements)

(Air New Zealand) https://p-airnz.com/cms/assets/PDFs/Air-NZ-2018-Financial-Results.pdf

1. Is the entity a parent? 2. Is there any NCI? 3.

1. Is the entity a parent? 2. Is there any NCI? 3. The 'Investments in other entities' asset in the SFP is predominantly made up of what type of investment? 4. The 'Investment in Associates and joint ventures' asset in the SFP is predominantly made up of what type of investment? 5. Within the Statement of Accounting Policies there is one for the 'Basis of consolidation. Within this policy find the answers to the following: (a) State the page number where you found this policy. (b) The consolidated financial statements are accounted for using which method? (c) What is done with the material intercompany transactions? 6. Is there any group goodwill? Air NZ Non applicable Auckland Airport Non applicable

Step by Step Solution

★★★★★

3.37 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To answer these questions you need to review the 2018 financial statements for both Auckland Airport and Air New Zealand Heres how you can approach ea... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Answer the questions based on concept and your understanding of how the budget numbers are interrelated. Assume each of the following questions is an independent situation. A. what would be the...

Read the questions based on The Organization Structures and Design in Management. 1. What Symptoms might indicate that a functional structure is causing problems for the organization? 2. Describe two...

Answer these questions about a corporate income statement: 1. How do you measure gross margin? 2. What is the title of those items that are unusual, infrequent, and over which management has no...

Read the questions in IFRS2-7 then answer them using the M&S annual reports for the year ended April 2, 2016. (provide complete and comprehensive answers. Also, do not have any grammatical errors) DO...

Q1 . Read the attached Case study 1 then answer the questions at the end ( a-e ) the citation has to include the web link and date retrieved. Q2 . Read the questions on IFRS1 then answer using the...

A report examine theprovisions and contingencies in two different company, one is Rheinmetall AG aapliesGerman local GAAP, another is GentrackGROUP LIMITED appliesInternational Financial Reporting...

IFRS Financial Statements Position Paper The purpose of this assignment is to increase your knowledge of IFRS. You will review a PowerPoint presentation and type responses to the questions asked...

Hi, This subject is financial accounting, here is a short essay type question, approximately 5 paragraphs. ''Drawing on private interest theory, what powers do you believe the Australian Accounting...

only question 2.. plz help me.. im offering all my credits. i swear... Faculty of Business, Economics & Accounting Department of Accounting and Finance HELP Bachelor of Business (Hons) Year 3...

Using the method of sections, find the force in member CE, CD, and BD. Draw appropiate fbds. State if the members are in tension (T) or compression (C). 12.3N E Answer(s): C 6" 1.4N D 3m B Activate...

Generally accepted accounting principles ( GAAP ) and International Financial Reporting Standards (IFRS) treat the LIFO inventory cost flow method differently. Required a. Briefly describe the...

Answer the following True or False: Let f ( x ) be a differentiable function, such that f ( - 2 ) = 6 and f ( 1 ) = 6 . Then there exists a c with - 2 = c = 1 such that the tangent line to y = f ( x...

Disks of polycarbonate plastic from a supplier are analyzed for scratch and shock resistance. The results from 100 disks are summarized as follows: shock resistance scratch resistance high low high...

A particular part in a car engine expands as the engine warms up to operating temperature, but the amount of expansion depends on the metal from which the part is made. Rank the following metals from...

When VGS = 0.5 VGS(off) . gm. is -------------- the maximum value. Select one: a. one-fourth b. three-fourths c. equal to d. one-half

28. You are considering two projects with the following cash flows: Project Y $7.000 7,500 8,000 8,500 Year I Year 2 Year 3 Year 4 Project X $8.500 8,000 7,500 7,000 Which one of the following...

10 Factors include economic growth, interest rates, exchange rates, inflation, disposable income of consumers and businesses and so on. Political factors Economic factors Social factors O...

In this activity, you'll watch two videos related to behavioral economics: the intersection of psychology and economics. You'll then answer a series of short answer questions based on the topics...

Question 2 (2 points) Listen The following table is an amended version of a study that examined pregnancies that resulted in the birth of twins. Births were classified as preterm with intervention...

Choose one current event. Describe the event and discuss the economic implications of this event. What economic effects might this have at the individual and societal levels? What are the costs of...

Bus305: Investigate Motivation Purpose: Compare what you think motivates people to what they say motivates them. Process: To complete this assignment, you will have to pick at least 3 people you know...

Problem 1 (Equivalent Annual Cost EAC. Total points: 27) Company X is choosing a policy on the age at which to replace trucks in its fleet, which depends upon which "truck line" it chooses. There are...

SECTION 1: There are eight parts to this section. You are required to answer the questions based on the information below. Please note that 1.5 Marks each. Negative 0.5 for each incorrect answer...