Annual Report 2010 in PDF - BBA Aviation

Directors’ Report 2
Overview 2
Group Structure 3
Financial Highlights 4
Chairman’s Statement 6
Board of Directors and Executive Management 8
Business Review 10
Our Marketplace 10
Business Model 14
Our Strategy 14
Our Strengths 16
Principal Risks and Uncertainties 17
Key Performance Indicators 18
Group Financial Summary 20
Flight Support 22
— Flight Support Network 24
— Signature Flight Support 26
— ASIG 32
Aftermarket Services and Systems 38
— Aftermarket Services and Systems Network 40
— Engine Repair and Overhaul 42
— Legacy Support 48
— APPH 54
Corporate Social Responsibility 60
Financial Matters 64
Additional Disclosures 66
Directors’ Corporate Governance Statement 68
Directors’ Remuneration Report 75
Going Concern and Statement of Directors’ Responsibilities 84
Consolidated Financial Statements 85
Independent Auditor’s Report 85
Consolidated Income Statement 86
Consolidated Statement of Comprehensive Income 87
Consolidated Balance Sheet 88
Consolidated Cash Flow Statement 89
Consolidated Statement of Changes in Equity 90
Accounting Policies 91
Notes to the Consolidated Financial Statements 95
Company Financial Statements 126
Independent Auditor’s Report 126
Company Balance Sheet 127
Accounting Policies 128
Notes to the Company Financial Statements 129
Principal Subsidiary Undertakings 134
Five Year Summary 135
Shareholder Information 136