Annual Report 2010 in PDF - BBA Aviation

Financial statements Notes to the Consolidated Financial Statements – continued
85 Independent Auditor’s
Report to the Members of
BBA Aviation plc in Respect
of the Consolidated
Financial Statements
86 Consolidated Income
Statement
87 Consolidated Statement of
Comprehensive Income
88 Consolidated Balance Sheet
89 Consolidated Cash Flow
Statement
90
Consolidated Statement of
Changes in Equity
91 Accounting Policies of
the Group
95 Notes to the Consolidated Rest
Financial Statements
7. Employees
Average monthly number (including Executive Directors)
By segment
Flight Support
Aftermarket Services & Systems
2010
number
7,889
1,820
9,709
2009
number
7,793
1,901
9,694
By region
United Kingdom
2,340 2,005
Mainland Europe
135 153
North America
7,182 7,485
of World 52 51
9,709 9,694
126 Independent Auditor’s
Report to the Members of
BBA Aviation plc in Respect
£m £m
of the Parent Company
Financial Statements
127 Company Balance sheet
128 Accounting Policies of
the Company
Employment costs
Wages and salaries
Social security costs
Pension costs (note 19)
129 Notes to the Company 306.6 300.5
Financial Statements
134
135
Principal Subsidiary
Undertakings
Five Year Summary
8. Intangible assets
Goodwill
Licences
& Other Total Goodwill
274.2
24.7
7.7
268.9
23.7
7.9
Licences
& Other Total
136 Shareholder Information 2010 2010 2010 2009 2009 2009
£m £m £m £m £m £m
100 — Consolidated Financial Statements
Cost
Beginning of year 474.9 127.0 601.9 526.8 137.0 663.8
Exchange adjustments 10.1 2.6 12.7 (50.9) (12.9) (63.8)
Acquisitions – 1.0 1.0 – – –
Additions – 2.5 2.5 – 5.9 5.9
Disposals – (0.2) (0.2) – (1.0) (1.0)
Disposals of businesses – – – – (2.3) (2.3)
Transfers (to)/from other asset categories – (0.3) (0.3) – 0.3 0.3
Acquisitions in prior years – – – (1.0) – (1.0)
End of year 485.0 132.6 617.6 474.9 127.0 601.9
Amortisation
Beginning of year – (28.9) (28.9) – (24.7) (24.7)
Exchange adjustments – (0.5) (0.5) – 2.2 2.2
Amortisation charge for the year – (8.6) (8.6) – (7.4) (7.4)
Disposals – 0.2 0.2 – 1.0 1.0
Disposals of businesses – – – – 0.2 0.2
Transfers to/(from) other asset categories – 0.2 0.2 – (0.2) (0.2)
End of year – (37.6) (37.6) – (28.9) (28.9)
Carrying amount
End of year 485.0 95.0 580.0 474.9 98.1 573.0
Beginning of year 474.9 98.1 573.0 526.8 112.3 639.1
Licences are amortised over the period to which they relate, which is on average 16 years (2009: 18 years). Where a licence has an indef nite life,
the licence is not amortised until such time as the remaining life of the associated platform is estimated to be 20 years, at which point
amortisation commences over the remaining useful life of the licence. Other intangible assets are amortised over their estimated useful lives
which is on average 18 years.