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
17. Derivative fnancial instruments – continued
The following table provides an analysis of the contractual undiscounted cash fows payable under the fnancial liabilities as at the balance
Financial Statements
sheet date:
86 Consolidated Income
Statement 2010
87 Consolidated Statement of Non-derivative Derivative
Comprehensive Income Bank Finance Other Trade financial financial
88 Consolidated Balance Sheet
loans
£m
leases
£m
loans
£m
creditors
£m
liabilities
£m
liabilities
£m
Total
£m
89 Consolidated Cash Flow
Statement Due within one year 100.5 1.1 1.0 104.6 207.2 16.7 223.9
90 Consolidated Statement of
Changes in Equity
Due between one and two years
Due between two and three years
318.9
–
1.1
0.8
0.1
–
2.4
–
322.5
0.8
20.4
30.0
342.9
30.8
91 Accounting Policies of Due between three and four years – 0.7 – – 0.7 3.7 4.4
the Group
Due between four and five years – 0.7 – – 0.7 – 0.7
95 Notes to the Consolidated
Financial Statements
Due in more than five years – – 0.2 6.3 6.5 – 6.5
126
129
134
135
136
Independent Auditor’s
Report to the Members of
BBA Aviation plc in Respect
of the Parent Company
Financial Statements
127 Company Balance sheet
128 Accounting Policies of
the Company
Notes to the Company
Financial Statements
Principal Subsidiary
Undertakings
Five Year Summary
Shareholder Information
Total
112 — Consolidated Financial Statements
Due within one year
Due between one and two years
Due between two and three years
Due between three and four years
Due between four and five years
Due in more than five years
419.4
Bank
loans
£m
36.7
70.7
403.2
–
–
–
4.4
Finance
leases
£m
1.2
1.1
1.1
1.0
1.0
–
1.3
Other
loans
£m
0.8
0.8
0.1
–
–
0.2
113.3 538.4
Non-derivative
Trade fnancial
creditors liabilities
£m £m
103.4 142.1
0.3 72.9
– 404.4
– 1.0
– 1.0
6.3 6.5
70.8
Derivative
fnancial
liabilities
£m
Total 510.6 5.4 1.9 110.0 627.9 57.8 685.7
The maturity profle of the Group’s fnancial derivatives using undiscounted cash fows is as follows:
Payable
£m
Receivable
£m
3.6
25.0
16.8
12.4
–
–
609.2
2009
Total
£m
145.7
97.9
421.2
13.4
1.0
6.5
2010 2009
Payable
£m
Receivable
£m
Due within one year (298.0) 282.0 (103.7) 101.2
Due between one and two years (130.9) 110.6 (167.6) 142.7
Due between two and three years (134.4) 104.4 (115.7) 98.9
Due between three and four years (3.7) – (38.9) 26.5
Due between four and five years – – – 1.3
Due in more than five years – – – –
Total (567.0) 497.0 (425.9) 370.6
Sensitivity Analysis as at 31 December 2010
Financial instruments afected by market risk are derivative fnancial instruments. The following analysis is intended to illustrate the sensitivity to
changes in foreign exchange rates and interest rates.
The sensitivity analysis has been prepared on the basis that the derivative portfolio and the proportion of derivatives hedging foreign
exchange risk and cash fow interest rate risk are all constant and on the basis of hedge designations in place at 31 December 2010 and
31 December 2009, respectively. As a consequence, this sensitivity analysis relates to the position at these dates and is not representative of the
year then ended.