Annual Report 2010 in PDF - BBA Aviation

Financial statements Consolidated Balance Sheet
85 Independent Auditor’s
Report to the Members of
BBA Aviation plc in Respect
of the Consolidated
Financial Statements
31 December 31 December
2010 2009
Notes £m £m
86 Consolidated Income
Statement
Non-current assets
Goodwill 8 485.0 474.9
87 Consolidated Statement of
Comprehensive Income
Licences and other intangible assets
Property, plant and equipment
8
9
95.0
327.5
98.1
334.7
88 Consolidated Balance Sheet Interests in associates 10 1.9 1.9
89 Consolidated Cash Flow Trade and other receivables 12 16.5 18.2
90
Statement
Consolidated Statement of
Changes in Equity Current assets
1 925.9 927.8
91 Accounting Policies of Inventories 11 136.2 137.9
the Group
Trade and other receivables 12 197.8 194.2
95
126
Notes to the Consolidated
Financial Statements
Independent Auditor’s
Cash and cash equivalents
Tax recoverable
107.7
0.1
115.4
0.2
Report to the Members of
BBA Aviation plc in Respect
of the Parent Company
Financial Statements
Total assets 1
441.8
1,367.7
447.7
1,375.5
127 Company Balance sheet
128 Accounting Policies of
the Company
Current liabilities
Trade and other payables 13 (254.1) (230.7)
129 Notes to the Company Tax liabilities (50.3) (45.6)
Financial Statements Obligations under finance leases 14 (0.9) (0.9)
134 Principal Subsidiary
Undertakings
Bank overdrafts and loans
Provisions
16
18
(98.7)
(0.9)
(33.1)
(0.8)
135 Five Year Summary
136 Shareholder Information
(404.9) (311.1)
Net current assets 36.9 136.6
88 — Consolidated Financial Statements
Non-current liabilities
Bank loans 16 (319.2) (469.4)
Other payables due after one year 13 (62.8) (60.8)
Retirement benefit obligations 19 (34.1) (33.2)
Obligations under finance leases 14 (2.8) (3.6)
Deferred tax liabilities 20 (42.2) (29.9)
Provisions 18 (19.3) (20.4)
(480.4) (617.3)
Total liabilities 1 (885.3) (928.4)
Net assets 1 482.4 447.1
Equity
Share capital 21 128.7 126.0
Share premium account 21 340.7 343.4
Other reserves 21 3.9 3.9
Treasury reserve 21 (5.8) (3.2)
Capital reserve 21 20.9 19.8
Hedging and translation reserves 21 5.6 10.4
Retained earnings 21 (9.0) (51.6)
Equity attributable to shareholders of BBA Aviation plc 485.0 448.7
Non-controlling interest (2.6) (1.6)
Total equity 482.4 447.1
These fnancial statements were approved by the Board of Directors on 1 March 2011 and signed on its behalf by
Simon Pryce Mark Hoad
Group Chief Executive Group Finance Director