Directors' Report and Financial Statements 31 March ... - Precision Air
Directors' Report and Financial Statements 31 March ... - Precision Air
Directors' Report and Financial Statements 31 March ... - Precision Air
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PRECISION AIR SERVICES PLC<br />
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)<br />
FOR THE YEAR ENDED <strong>31</strong> MARCH 2012<br />
PRECISION AIR SERVICES PLC<br />
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)<br />
FOR THE YEAR ENDED <strong>31</strong> MARCH 2012<br />
Group Group Company Company<br />
<strong>31</strong>-Mar-12 <strong>31</strong>-Mar-11 <strong>31</strong>-Mar-12 <strong>31</strong>-Mar-11<br />
TZS ‘000 TZS ‘000 TZS ‘000 TZS ‘000<br />
8 REVENUE<br />
Passenger revenue 129,389,774 94,168,182 129,389,774 94,168,182<br />
Freight <strong>and</strong> mail 3,557,624 2,787,754 3,557,624 2,787,754<br />
Fuel Surcharge 30,114,054 16,649,972 30,114,054 16,649,972<br />
163,061,452 113,605,908 163,061,452 113,605,908<br />
9 COST OF SALES<br />
Fuel <strong>and</strong> oil 48,111,950 20,677,591 48,111,950 20,677,591<br />
Lease of aircraft <strong>and</strong> engines 4,208,350 3,218,912 4,208,350 3,218,912<br />
<strong>Air</strong>craft l<strong>and</strong>ing, h<strong>and</strong>ling <strong>and</strong><br />
navigation 9,151,857 5,605,797 9,151,857 5,605,797<br />
<strong>Air</strong>craft maintenance 11,930,268 7,627,435 11,930,268 7,627,435<br />
Depreciation of aircraft components 2,548,353 3,143,507 2,548,353 3,143,507<br />
Passenger services 6,809,088 5,047,280 6,809,088 5,047,280<br />
Commission on sales 5,711,066 3,692,264 5,711,066 3,692,264<br />
<strong>Air</strong>craft, passengers <strong>and</strong> cargo<br />
insurance 284,540 134,483 284,540 134,483<br />
Depreciation of aircraft <strong>and</strong> engines 13,944,639 11,130,915 13,944,639 11,130,915<br />
Crew route expenses 1,506,195 1,096,651 1,506,195 1,096,651<br />
Centralised reservation systems 12,378,251 8,359,523 12,378,251 8,359,523<br />
<strong>Air</strong>craft cleaning <strong>and</strong> certification 474,703 387,630 474,703 387,630<br />
117,059,260 70,121,988 117,059,260 70,121,988<br />
10 OTHER INCOME<br />
Cancellation income 337,<strong>31</strong>3 260,862 337,<strong>31</strong>3 260,862<br />
Gain on disposal of property <strong>and</strong><br />
equipment 70,791 - 70,791 -<br />
Passenger interline commission 2,439,974 - 2,439,974 -<br />
Miscellaneous 460,500 144,578 460,500 144,578<br />
3,308,578 405,440 3,308,578 405,440<br />
11 MARKETING EXPENSES<br />
Advertising <strong>and</strong> publicity 1,290,971 1,140,796 1,290,971 1,140,796<br />
Entertainment 9,941 23,294 9,941 23,294<br />
1,300,912 1,164,090 1,300,912 1,164,090<br />
42<br />
DIRECTORS’ REPORT AND FINANCIAL STATEMENTS <strong>31</strong> MARCH 2012
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