Auckland Airport expects to record higher asset values in annual earnings

Thu, 13 Aug 2015

By Tina Morrison Aug. 14 (BusinessDesk) - Auckland International Airport expects to record a higher value for its assets when it reports annual earnings later this month. The airport company expects the value of its buildings and services, runway, taxiways and aprons assets within the property, plant and equipment portfolio to increase by about $109 million when it reports earnings for the year ended June 30, along with a revaluation expense of $12 million, it said in a statement. It last valued the assets for the 2011 financial year....

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