Annual Report 2010 in PDF - BBA Aviation

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BBA Aviation Overview BBA Aviation is a leading global aviation support and aftermarket services provider. 2 — Directors ’ Report Our market-leading businesses are well positioned with attractive long-term growth prospects. We strive to continuously improve our service and product offerings and to exceed our customers’ expectations. With shared customers, process know-how and a common service focus, our businesses consistently look for ways of working more closely together for greater gain. Our people are the foundation of our success. We aim to be an employer of choice, acting with integrity and respect, in a safe and sustainable working environment operating through empowered employees to deliver exceptional performance. This consistent, Group-wide focus is core to our overarching objective of delivering exceptional, long-term, sustainable value for all our stakeholders.
Group Structure Revenue by business Flight Support Signature £514.2m ASIG £227.4m Total £741.6m Revenue by business Aftermarket Services and Systems ERO £336.2m Legacy £61.5m APPH £43.7m Total £441.4m Revenue by key markets B & GA Signature £514.2m ERO £225.1m Legacy £17.3m APPH £7.0m Total £763.6m Commercial ASIG £227.4m ERO £85.2m Legacy £14.7m APPH £17.9m Total £345.2m Military ERO £25.9m Legacy £29.5m APPH £18.8m Total £74.2 m 0 200 400 600 800 0 100 200 300 400 0 20 40 60 80 Directors’ Report — 3
Page 1 and 2: Annual Report 2010
Page 3: Directors’ Report 2 Overview 2 Gr
Page 7 and 8: Revenue Revenue increased by 4% on
Page 9 and 10: Corporate Governance The Board beli
Page 11 and 12: Michael Harper (66) Chairman Simon
Page 13 and 14: Worldwide Business Jet and Turbopro
Page 15 and 16: Commercial Aviation Our commercial
Page 17 and 18: Each of the fve businesses has a cl
Page 19 and 20: Principal Risks and Risk Potential
Page 21 and 22: Return on Invested Capital (ROIC) M
Page 23 and 24: Proft before tax increased by 42% t
Page 25 and 26: Financial Summary 2010 2009 Inc/(de
Page 27 and 28: ASIG United States of America, Cari
Page 29 and 30: Directors’ Report — 27
Page 31 and 32: Revenue 2010 2009 Inc/(dec) 20091 I
Page 34 and 35: ASIG Focused on growth 32 — Direc
Page 36 and 37: Key Facts ASIG is a world leading i
Page 38: London Heathrow: the A380 is a doub
Page 41 and 42: Financial Summary 2010 2009 Inc/(de
Page 43 and 44: Legacy Support United States of Ame
Page 45 and 46: Directors’ Report — 43
Page 47 and 48: Revenue 2010 2009 Inc/(dec) 20091 I
Page 50 and 51: Legacy Support Flexible resources m
Page 52 and 53: Key Facts Legacy Support is a leadi
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Houston, Texas: a Legacy Support st
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APPH Delivering continuous improvem
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Key Facts APPH has a niche focus an
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Runcorn, UK: a Jas39 Gripen nose la
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CSR leadership Group-wide Providing
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The Group also launched its new par
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A signifcant proportion of our debt
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Suppliers Payment Policy Substantia
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The Board has a formal schedule of
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a. Remuneration Committee Compositi
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Guidance on Audit Committees. The A
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Directors’ Remuneration Report I
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The following chart shows the balan
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d. Longer-term performance incentiv
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Annualised total shareholder return
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e. Pension: policy and implementati
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Independent Auditor’s Report to t
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Consolidated Statement of Comprehen
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Consolidated Cash Flow Statement Op
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Accounting Policies Basis of Accoun
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Property, Plant and Equipment Prope
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Notes to the Consolidated Financial
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2. Proft for the year Proft for the
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5. Dividends On 21 May 2010, the 20
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8. Intangible assets - continued Th
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10. Investments in associates Cost
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13. Trade and other payables Amount
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16. Bank overdraft and loans - cont
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17. Derivative fnancial instruments
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19. Pensions and other post-retirem
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19. Pensions and other post-retirem
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21. Share capital and reserves Allo
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21. Share capital and reserves - co
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23. Cash fow from operating activit
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26. Related party transactions Tran
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Company Balance Sheet 2010 2009 Not
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Leases Where assets are f nanced by
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6. Creditors: amounts falling due w
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10. Capital and reserves Details of
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Five Year Summary 2010 2009 2008 20
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This Annual Report is addressed sol
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Annual Report 2010 in PDF - BBA Aviation

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