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
19. Pensions and other post-retirement benef ts – continued
2010
£m
2009
£m
2008
£m
2007
£m
Rest of World Total
87 Consolidated Statement of Fair value of assets – – – – – 427.4 432.0 363.8 478.1 477.1
Comprehensive Income
Defined benefits obligation
– – – – – 441.0 465.2 382.0 422.8 498.2
88 Consolidated Balance Sheet
(Deficit)/surplus
– – – – – (13.6) (33.2) (18.2) 55.3 (21.1)
89
90
Consolidated Cash Flow
Statement
Consolidated Statement of
Changes in Equity
91 Accounting Policies of
the Group
95 Notes to the Consolidated
Financial Statements
126 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
Experience gains/(losses) on scheme assets
Experience gains/(losses) on
scheme liablities
Employer contributions for 2011 are estimated to be as follows:
20. Deferred tax
–
–
–
–
–
–
–
–
2006
£m
0.1
0.1
2010
£m
(9.7)
(12.9)
2009
£m
68.9
19.2
Fixed Other Goodwill &
assets
£m
assets
£m
intangibles
£m
2008
£m
(130.1)
(4.5)
United
Kingdom
£6.4m
2007
£m
(22.6)
59.9
North
America
£3.7m
Tax losses & Retirement
tax credits benefts
£m £m
129 Notes to the Company
Financial Statements
Beginning of year
Charged in year
(16.7)
5.9
10.8
(5.0)
(38.6)
(7.4)
6.2
(5.2)
8.4
(0.6)
(29.9)
(12.3)
134 Principal Subsidiary
Undertakings
Recognised directly in equity
Exchange adjustments
–
(0.4)
–
0.3
–
(0.9)
–
0.2
0.6
0.2
0.6
(0.6)
135 Five Year Summary
136 Shareholder Information End of year (11.2) 6.1 (46.9) 1.2 8.6 (42.2)
118 — Consolidated Financial Statements
2006
£m
2.6
(2.4)
Total
£10.1m
Certain deferred tax assets and liabilities have been of set. The following is the analysis of the deferred tax balances (after of set) for f nancial
reporting purposes:
2010 2009
£m £m
Deferred tax liabilities (46.8) (32.4)
Deferred tax assets 4.6 2.5
(42.2) (29.9)
At the balance sheet date, the Group has unrecognised deferred tax assets relating to tax losses and other temporary diferences of £220.3 million
(2009: £251.2 million) available for ofset against future profts. These assets have not been recognised as the precise incidence of future profts
in the relevant countries and legal entities cannot be accurately predicted at this time. Included in the unrecognised deferred tax asset is
£0.7 million (2009: £0.6 million) which relates to losses which will expire by 2014. Other losses may be carried forward indefnitely under current
tax legislation.
At the balance sheet date, the aggregate amount of temporary diferences associated with undistributed earnings of subsidiaries for which
deferred tax liabilities have not been recognised was £nil (2009: £nil).
Temporary diferences arising in connection with interests in associates and joint ventures are insignifcant.
Total
£m