Directors' Report and Financial Statements 31 March ... - Precision Air

PRECISION AIR SERVICES PLC
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2012
Group Group Company Company
31-Mar-12 31-Mar-11 31-Mar-12 31-Mar-11
Notes TZS ‘000 TZS ‘000 TZS ‘000 TZS ‘000
Profit for the year 633,797 862,546 1,206,121 1,285,115
Other comprehensive income
Revaluation of aircrafts 15 - 5,370,250 - 5,560,746
Income tax effect - (1,611,075) - (1,668,224)
- 3,759,175 - 3,892,522
Net movement on cash flow
hedges 32 (10,095,867) (14,543,635) (10,095,867) (14,543,635)
Income tax effect 21 2,523,967 4,363,091 2,523,967 4,363,091
(7,571,900) (10,180,544) (7,571,900) (10,180,544)
Other comprehensive income
for the year, net of tax (7,571,900) (6,421,369) (7,571,900) (6,288,022)
Total comprehensive (loss)/
income for the year, net of tax (6,938,103) (5,558,823) (6,365,779) (5,002,907)
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DIRECTORS’ REPORT AND FINANCIAL STATEMENTS 31 MARCH 2012