Both companies have similarities on accounting policies and adaptation. 1 Increase in estimated doubtful debts. 2 Lack of non-recurring gains as I mentioned in my earlier blog. 3 The financial statements have been prepared in accordance with NZ GAAP. Accounting policies applied in these financial statements comply with NZ IFRS and NZ IFRIC interpretations.

Auckland Airport Annual Review 2011. AIR NEW ZEALAND ANNUAL FINANCIAL RESULTS 2011.

This blog is summarizing the favorable and unfavorable aspect of the company which I chose for the daily. There some experiences of me invest in the TEL and air in this blog. Both of companies are adopting the IFRS accounting police, it is meaning that company should consider the change of the police. According to this situation, company should keep itself more flexible to fit for polices.

NOPAT margin is relation of the sales to NOPAT. In other words, the smaller the NOPAT is from sales the smaller the margin.