BAE-annual-report-2014

Financial statements
FINANCIAL
STATEMENTS
CONTENTS
GROUP ACCOUNTS
Preparation 102
Consolidated Income Statement 104
Consolidated Statement
of Comprehensive Income 105
Consolidated Statement
of Changes in Equity 105
Consolidated Balance Sheet 106
Consolidated Cash Flow Statement 107
1. Segmental analysis 108
2. Operating costs 111
3. Employees 112
4. Other income 112
5. Finance costs 113
6. Taxation expense 114
7. Held for sale 117
8. Earnings per share 117
9. Intangible assets 118
10. Property, plant and equipment 121
11. Investment property 124
12. Equity accounted investments 125
13. Trade and other receivables 127
Group accounting policies
Accounting policies are included within
the relevant note to the Group accounts.
14. Other financial assets and liabilities 128
15. Deferred tax 129
16. Inventories 131
17. Cash and cash equivalents 131
18. Geographical analysis of assets 131
19. Loans and overdrafts 132
20. Trade and other payables 133
21. Retirement benefit obligations 134
22. Provisions 142
23. Share capital and other reserves 143
24. Cash flow analysis 145
25. Net (debt)/cash
(as defined by the Group) 146
26. Acquisitions 147
27. Fair value measurement 149
28. Financial risk management 150
29. Share-based payments 152
30. Related party transactions 154
31. Contingent liabilities
and commitments 155
32. Group entities 156
COMPANY ACCOUNTS
Company Balance Sheet 157
Notes to the Company accounts 158
STRATEGIC REPORT GOVERNANCE
FINANCIAL STATEMENTS
BAE Systems
Annual Report 2014
101