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
1. Segmental information – continued
Business Segments
Flight
Aftermarket
Services &
Support Systems
£m £m
Unallocated
Total Corporate
£m £m
Statement
87 Consolidated Statement of 2009
Comprehensive Income External revenue 643.8 437.0 1,080.8 – 1,080.8
88 Consolidated Balance Sheet
89 Consolidated Cash Flow Underlying operating profit 61.8 48.5 110.3 (9.8) 100.5
Statement Exceptional items (9.9) (5.1) (15.0) (3.2) (18.2)
90 Consolidated Statement of
Changes in Equity
91 Accounting Policies of
the Group
Segment result*
Underlying operating margin
95 Notes to the Consolidated * Segment result includes £1.1 million proft of associates within Flight Support.
Financial Statements
126 Independent Auditor’s
Report to the Members of
BBA Aviation plc in Respect
of the Parent Company
Financial Statements
Other information
51.9 43.4
9.6% 11.1%
95.3 (13.0)
10.2% –
Capital additions* 11.0 16.7 27.7 0.1 27.8
Depreciation and amortisation 30.8 11.6 42.4 0.2 42.6
127 Company Balance sheet
* Capital additions represent net cash expenditures in the year.
128 Accounting Policies of
the Company Balance sheet
129 Notes to the Company
Financial Statements Total assets 785.5 455.1 1,240.6 134.9 1,375.5
134 Principal Subsidiary Total liabilities (120.4) (87.6) (208.0) (720.4) (928.4)
Undertakings
Net assets 665.1 367.5 1,032.6 (585.5) 447.1
135 Five Year Summary
136 Shareholder Information
96 — Consolidated Financial Statements
Revenue Nonby
Revenue Capital current
Geographical Segments
destination
£m
by origin
£m
additions
£m
assets
£m
2010
United Kingdom 140.7 214.4 4.7 103.0
Mainland Europe 86.7 28.4 0.2 28.9
North America 896.5 936.9 18.0 790.0
Rest of World 59.1 3.3 – 4.0
Total 1,183.0 1,183.0 22.9 925.9
2009
United Kingdom 125.1 191.5 4.0 104.6
Mainland Europe 81.3 29.0 0.2 31.5
North America 814.4 857.1 23.6 788.3
Rest of World 60.0 3.2 – 3.4
Total 1,080.8 1,080.8 27.8 927.8
An analysis of the Group’s revenue for the year is as follows:
Total
£m
82.3
9.3%
Revenue from Revenue from
sales of goods services
£m £m £m £m
2010 2009 2010 2009
Flight Support 431.2 343.1 310.5 300.7
Aftermarket Service and Systems 119.0 121.5 322.3 315.5
550.2 464.6 632.8 616.2
A portion of the Group’s revenue from the sale of goods and services denominated in foreign currencies is cash fow hedged. The amounts
disclosed above for revenue from the sale of goods include the recycling of the efective amount of the foreign currency derivatives that are used
to hedge foreign currency revenue. The amount included in revenue is a loss of £3.6 million (2009: loss £5.5 million).