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

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PRECISION AIR SERVICES PLC<br />

DIRECTORS’ REPORT AND FINANCIAL STATEMENTS<br />

<strong>31</strong> MARCH 2012<br />

CONTENTS<br />

PAGE<br />

Group information 3<br />

Highlights of the year 4<br />

Directors’ report 5 to 13<br />

Statement of Directors’ responsibilities 14<br />

Independent Auditors’ <strong>Report</strong> 15 <strong>and</strong> 16<br />

<strong>Financial</strong> statements:<br />

Consolidated income statement 17<br />

Consolidated statement of other comprehensive income 18<br />

Consolidated statement of financial position 19 <strong>and</strong> 20<br />

Consolidated statement of changes in equity 21 <strong>and</strong> 22<br />

Consolidated statement of cash flows 23 <strong>and</strong> 24<br />

Notes to the financial statements 25 to 67<br />

2<br />

DIRECTORS’ REPORT AND FINANCIAL STATEMENTS <strong>31</strong> MARCH 2012

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