Contingent Assets Alliance Aviation Service

Understanding the key concepts under
the AASB 137 ‘Provisions, Contingent
Liabilities and Contingent
Assets Alliance Aviation Service Limited
and Air New Zealand LimitedUnderstanding the key concepts under
the AASB 137 ‘Provisions, Contingent
Liabilities and Contingent
Assets Alliance Aviation Service Limited
and Air New Zealand Limited

introductionintroduction The organizations that are selected for this assignment are Alliance Aviation Service
Limited and Air New Zealand Limited. They are known for their transportation business and
provide their services to general public.
 They have operations all over Australia and they usually focus on the national level rather
than international level. The headquarter of Alliance Aviation service limited is at Brisbane,
Australia and Air New Zealand Limited is at Auckland, New Zealand .
 In this presentation, the types of asset that both the organizations use are evaluated and
described properly in the period of 2016-19.
 All the things related to the different sources of funds, internal and external fund, and their
short comings that came from different sources of funds in this presentation.
 In the later part, the key provisions and implication of AASB 137 are described with
reference to the Alliance Aviation Service Limited and Air New Zealand Limited.
 The organizations that are selected for this assignment are Alliance Aviation Service
Limited and Air New Zealand Limited. They are known for their transportation business and
provide their services to general public.
 They have operations all over Australia and they usually focus on the national level rather
than international level. The headquarter of Alliance Aviation service limited is at Brisbane,
Australia and Air New Zealand Limited is at Auckland, New Zealand .
 In this presentation, the types of asset that both the organizations use are evaluated and
described properly in the period of 2016-19.
 All the things related to the different sources of funds, internal and external fund, and their
short comings that came from different sources of funds in this presentation.
 In the later part, the key provisions and implication of AASB 137 are described with
reference to the Alliance Aviation Service Limited and Air New Zealand Limited.

Different Sources of FundsDifferent Sources of Funds Equity: Total equity was $2089m in 2019 and $ 2176m in 2018 of Air New
Zealand and for Alliance Aviation Services Limited $183,498,000 million in
2018 and $187,648,000 in 2019.
 Retained Earnings: The Air New Zealand Limited had $(50) million in
their retained earnings, which decreased to ($130) million in the current
year 2019. the retained earnings were at $93,472,000 million for
Alliance Aviation Services Limited
 Borrowings: In 2019, the Air New Zealand Limited had $146 million of
borrowings. The borrowings of Alliance Aviation Services Limited has
decreased to $56,400,000.
 Equity: Total equity was $2089m in 2019 and $ 2176m in 2018 of Air New
Zealand and for Alliance Aviation Services Limited $183,498,000 million in
2018 and $187,648,000 in 2019.
 Retained Earnings: The Air New Zealand Limited had $(50) million in
their retained earnings, which decreased to ($130) million in the current
year 2019. the retained earnings were at $93,472,000 million for
Alliance Aviation Services Limited
 Borrowings: In 2019, the Air New Zealand Limited had $146 million of
borrowings. The borrowings of Alliance Aviation Services Limited has
decreased to $56,400,000.

Internal and external
fundInternal and external
fund Internal sources
retained earnings of air new Zealand limited was $2.42m in 2019 and $9.4m in 2018 per share and
Borrowings have decreased massively. For Alliance Aviation Services Limited, Retained earnings
increased to 27.0891 % in 2017 from the year 2016 and Borrowings was decreased to (6.0687) % in the
year 2017 if compared to 2016.
 External sources
Equity share of Air New Zealand Limited decrease to (0.6217) % and for Alliance Aviation Services
Limited there was (.3058) % change in equity share in the year 2017.
 Internal sources
retained earnings of air new Zealand limited was $2.42m in 2019 and $9.4m in 2018 per share and
Borrowings have decreased massively. For Alliance Aviation Services Limited, Retained earnings
increased to 27.0891 % in 2017 from the year 2016 and Borrowings was decreased to (6.0687) % in the
year 2017 if compared to 2016.
 External sources
Equity share of Air New Zealand Limited decrease to (0.6217) % and for Alliance Aviation Services
Limited there was (.3058) % change in equity share in the year 2017.